Brokerages Set CyberArk Software Ltd. (NASDAQ:CYBR) PT at $358.74

Shares of CyberArk Software Ltd. (NASDAQ:CYBRGet Free Report) have received a consensus recommendation of “Moderate Buy” from the twenty-seven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and twenty-six have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $363.56.

Several equities research analysts have weighed in on CYBR shares. Citigroup increased their price target on CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Stifel Nicolaus lifted their price target on CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group upped their price objective on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. JMP Securities reaffirmed a “market outperform” rating and set a $360.00 target price on shares of CyberArk Software in a report on Tuesday, January 14th. Finally, Susquehanna increased their price target on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th.

Get Our Latest Analysis on CyberArk Software

Institutional Trading of CyberArk Software

Hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software during the 4th quarter worth $25,000. Assetmark Inc. increased its holdings in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in CyberArk Software in the fourth quarter worth about $50,000. Transcendent Capital Group LLC purchased a new position in CyberArk Software in the third quarter valued at about $51,000. Finally, Kieckhefer Group LLC bought a new position in shares of CyberArk Software during the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Down 1.9 %

Shares of NASDAQ CYBR opened at $368.52 on Monday. CyberArk Software has a 12-month low of $223.09 and a 12-month high of $376.61. The firm has a 50 day moving average of $332.21 and a 200 day moving average of $297.43. The firm has a market capitalization of $16.06 billion, a price-to-earnings ratio of 1,364.94 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBRGet Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.31) EPS. Sell-side analysts predict that CyberArk Software will post -0.58 EPS for the current year.

CyberArk Software Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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