CyberArk Software Ltd. (NASDAQ:CYBR) Receives $358.74 Consensus Target Price from Analysts

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have been given an average recommendation of “Moderate Buy” by the twenty-seven ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and twenty-six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $363.56.

CYBR has been the subject of a number of recent research reports. Scotiabank lifted their price objective on CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus lifted their price target on CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Citigroup upped their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. DA Davidson raised their price objective on shares of CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Mizuho upped their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $368.52 on Monday. CyberArk Software has a 1 year low of $223.09 and a 1 year high of $376.61. The firm has a market cap of $16.06 billion, a PE ratio of 1,364.94 and a beta of 1.13. The company has a 50 day simple moving average of $332.21 and a two-hundred day simple moving average of $297.43.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter in the prior year, the company earned ($0.31) earnings per share. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. As a group, research analysts anticipate that CyberArk Software will post -0.58 earnings per share for the current year.

Institutional Trading of CyberArk Software

Several hedge funds have recently made changes to their positions in CYBR. Jennison Associates LLC raised its holdings in shares of CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after buying an additional 391,900 shares during the period. Groupama Asset Managment grew its position in CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares in the last quarter. Nepsis Inc. increased its stake in CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after purchasing an additional 505,088 shares during the period. Swedbank AB lifted its position in shares of CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock worth $181,600,000 after purchasing an additional 87,201 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of CyberArk Software by 195.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock valued at $170,614,000 after purchasing an additional 336,462 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

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.