CyberArk Software Ltd. (NASDAQ:CYBR) Receives $435.11 Consensus PT from Analysts

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have earned an average recommendation of “Hold” from the thirty-one research firms that are covering the stock, Marketbeat reports. Seventeen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $435.1071.

Several brokerages recently weighed in on CYBR. Piper Sandler reaffirmed a “neutral” rating and issued a $448.00 target price (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. DA Davidson upped their target price on shares of CyberArk Software from $465.00 to $518.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 target price on shares of CyberArk Software in a report on Tuesday, July 22nd. Baird R W downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Rosenblatt Securities downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 target price for the company. in a report on Friday, August 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its holdings in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after purchasing an additional 80 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after purchasing an additional 39 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock valued at $627,000 after purchasing an additional 280 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of CyberArk Software by 5.9% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company’s stock valued at $371,000 after purchasing an additional 61 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company’s stock valued at $755,000 after purchasing an additional 187 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 0.8%

NASDAQ:CYBR opened at $435.12 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of -129.12 and a beta of 0.96. CyberArk Software has a one year low of $254.43 and a one year high of $452.00. The business has a fifty day moving average price of $399.42 and a 200-day moving average price of $373.38.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.CyberArk Software’s revenue was up 46.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. Sell-side analysts forecast that CyberArk Software will post -0.47 EPS for the current year.

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.