Brokerages Set CyberArk Software Ltd. (NASDAQ:CYBR) PT at $270.83

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have received an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and twenty-three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $270.83.

A number of analysts recently issued reports on CYBR shares. Bank of America reiterated a “buy” rating and issued a $315.00 price target on shares of CyberArk Software in a report on Wednesday, April 24th. JMP Securities restated a “market outperform” rating and set a $310.00 target price on shares of CyberArk Software in a report on Monday. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a report on Friday, May 3rd. BTIG Research began coverage on CyberArk Software in a report on Thursday, March 28th. They set a “buy” rating and a $317.00 target price for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a report on Monday, May 20th.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $255.05 on Friday. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of -398.52 and a beta of 1.08. The stock has a 50 day moving average price of $240.77 and a 200 day moving average price of $240.38. CyberArk Software has a 52-week low of $142.92 and a 52-week high of $283.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. The firm had revenue of $221.55 million during the quarter, compared to analyst estimates of $213.42 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. Analysts forecast that CyberArk Software will post -1.24 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Contour Asset Management LLC acquired a new position in CyberArk Software in the fourth quarter valued at $48,605,000. TimesSquare Capital Management LLC increased its stake in CyberArk Software by 2.1% in the third quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock valued at $90,724,000 after purchasing an additional 11,387 shares during the period. Congress Asset Management Co. MA increased its stake in CyberArk Software by 37.5% in the fourth quarter. Congress Asset Management Co. MA now owns 38,752 shares of the technology company’s stock valued at $8,489,000 after purchasing an additional 10,568 shares during the period. Virtu Financial LLC increased its stake in CyberArk Software by 356.2% in the fourth quarter. Virtu Financial LLC now owns 9,508 shares of the technology company’s stock valued at $2,083,000 after purchasing an additional 7,424 shares during the period. Finally, KBC Group NV acquired a new position in CyberArk Software in the fourth quarter valued at $6,021,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.