CyberArk Software (NASDAQ:CYBR) Reaches New 52-Week High – Should You Buy?

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) reached a new 52-week high during trading on Wednesday . The company traded as high as $336.84 and last traded at $333.15, with a volume of 931665 shares traded. The stock had previously closed at $319.60.

Wall Street Analyst Weigh In

Several research firms have weighed in on CYBR. StockNews.com raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Susquehanna boosted their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Canaccord Genuity Group raised their target price on CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Barclays boosted their price target on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $335.00 price objective on shares of CyberArk Software in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $341.44.

CyberArk Software Stock Up 0.8 %

The company’s 50-day moving average price is $310.94 and its 200-day moving average price is $286.38. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 1,243.23 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.31) EPS. Analysts predict that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in CyberArk Software in the 3rd quarter valued at about $82,485,000. Anomaly Capital Management LP purchased a new stake in shares of CyberArk Software in the second quarter valued at approximately $49,145,000. Clearbridge Investments LLC increased its holdings in shares of CyberArk Software by 250.0% in the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after purchasing an additional 160,269 shares during the last quarter. Hood River Capital Management LLC lifted its position in CyberArk Software by 59.2% during the second quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company’s stock worth $61,132,000 after buying an additional 83,172 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in CyberArk Software by 89.2% during the second quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock worth $45,745,000 after buying an additional 78,887 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.