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

CyberArk Software Ltd. (NASDAQ:CYBR) has been given an average recommendation of “Moderate Buy” by the twenty-seven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $418.15.

Several analysts have recently issued reports on CYBR shares. Piper Sandler upped their price objective on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $415.00 price objective on shares of CyberArk Software in a research report on Monday, January 27th. DA Davidson reissued a “buy” rating and issued a $475.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Truist Financial upped their target price on shares of CyberArk Software from $385.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada lifted their price target on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st.

Institutional Trading of CyberArk Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC raised its stake in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after acquiring an additional 34 shares in the last quarter. CenterBook Partners LP lifted its holdings in shares of CyberArk Software by 2.4% during the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock valued at $534,000 after purchasing an additional 38 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of CyberArk Software by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after purchasing an additional 42 shares in the last quarter. Montag A & Associates Inc. grew its stake in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after buying an additional 42 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in CyberArk Software by 0.6% during the 4th quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company’s stock valued at $2,622,000 after buying an additional 48 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CYBR stock opened at $351.00 on Tuesday. The company has a market capitalization of $17.35 billion, a PE ratio of -180.00 and a beta of 1.06. The company’s fifty day moving average price is $364.42 and its 200-day moving average price is $324.32. CyberArk Software has a one year low of $223.41 and a one year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS 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%. On average, research analysts predict that CyberArk Software will post -0.47 EPS for the current fiscal 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.