CyberArk Software Ltd. (NASDAQ:CYBR) Receives $418.15 Consensus Target Price from Analysts

CyberArk Software Ltd. (NASDAQ:CYBR) has received a consensus rating of “Moderate Buy” from the twenty-seven research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and twenty-six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $418.15.

CYBR has been the subject of several analyst reports. Barclays boosted their price target on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Oppenheimer boosted their price target on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Guggenheim reiterated a “buy” rating and issued a $455.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Stifel Nicolaus boosted their price target on CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Mizuho boosted their price target on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $346.76 on Tuesday. CyberArk Software has a 1 year low of $223.41 and a 1 year high of $421.00. The company has a market capitalization of $17.14 billion, a P/E ratio of -177.83 and a beta of 1.06. The business has a 50 day moving average price of $364.00 and a 200 day moving average price of $322.67.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, research analysts expect that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software during the 4th quarter worth $25,000. TD Private Client Wealth LLC boosted its position in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after buying an additional 34 shares during the last quarter. Plato Investment Management Ltd purchased a new position in CyberArk Software in the 4th quarter valued at about $39,000. Graney & King LLC purchased a new position in CyberArk Software in the 4th quarter valued at about $43,000. Finally, Montag A & Associates Inc. boosted its position in CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Company Profile

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.