Brokerages Set CyberArk Software Ltd. (NASDAQ:CYBR) PT at $401.67

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have earned an average rating of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $416.67.

A number of analysts recently commented on the stock. StockNews.com downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Oppenheimer boosted their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Scotiabank boosted their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Guggenheim reiterated a “buy” rating and issued a $455.00 target price on shares of CyberArk Software in a report on Tuesday. Finally, DA Davidson reiterated a “buy” rating and issued a $475.00 target price on shares of CyberArk Software in a report on Tuesday.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. increased its stake in CyberArk Software by 5.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 3,132 shares of the technology company’s stock valued at $1,043,000 after buying an additional 174 shares during the period. Mackenzie Financial Corp increased its stake in shares of CyberArk Software by 4.2% during the 4th quarter. Mackenzie Financial Corp now owns 2,942 shares of the technology company’s stock worth $980,000 after purchasing an additional 119 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of CyberArk Software by 0.6% during the 4th quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company’s stock worth $2,622,000 after purchasing an additional 48 shares during the last quarter. USS Investment Management Ltd increased its stake in shares of CyberArk Software by 9.2% during the 4th quarter. USS Investment Management Ltd now owns 8,350 shares of the technology company’s stock worth $2,784,000 after purchasing an additional 705 shares during the last quarter. Finally, Vident Advisory LLC increased its stake in shares of CyberArk Software by 31.9% during the 4th quarter. Vident Advisory LLC now owns 54,266 shares of the technology company’s stock worth $18,079,000 after purchasing an additional 13,134 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Down 3.3 %

CYBR stock opened at $352.05 on Friday. CyberArk Software has a 52 week low of $223.41 and a 52 week high of $421.00. The company has a market capitalization of $15.34 billion, a price-to-earnings ratio of -180.54 and a beta of 1.15. The firm’s 50-day moving average is $360.50 and its two-hundred day moving average is $316.12.

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

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.