CyberArk Software Ltd. (NASDAQ:CYBR) Given Average Rating of "Buy" by Brokerages

Shares of CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) have been given an average recommendation of "Buy" by the twenty-eight ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $414.64.

Several brokerages recently issued reports on CYBR. Truist Financial lowered their price target on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. KeyCorp boosted their price target on shares of CyberArk Software from $400.00 to $485.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Citigroup raised their price objective on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Canaccord Genuity Group increased their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Scotiabank upped 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.

CyberArk Software Trading Down 2.6 %

NASDAQ:CYBR traded down $9.02 during mid-day trading on Friday, hitting $334.33. 1,048,987 shares of the company's stock traded hands, compared to its average volume of 531,301. The firm has a market capitalization of $16.52 billion, a price-to-earnings ratio of -171.45 and a beta of 1.00. The firm has a 50 day moving average of $355.74 and a two-hundred day moving average of $331.41. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00.

Remove Ads

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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%. As a group, equities research analysts expect that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On CyberArk Software

Institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its stake in CyberArk Software by 574.3% in the first quarter. Assenagon Asset Management S.A. now owns 135,328 shares of the technology company's stock valued at $45,741,000 after acquiring an additional 115,260 shares during the last quarter. Yousif Capital Management LLC increased its holdings in CyberArk Software by 9.1% in the first 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. Farther Finance Advisors LLC lifted its stake in CyberArk Software by 1,104.3% in the first quarter. Farther Finance Advisors LLC now owns 843 shares of the technology company's stock valued at $294,000 after buying an additional 773 shares during the period. Portside Wealth Group LLC boosted its holdings in CyberArk Software by 69.8% during the first quarter. Portside Wealth Group LLC now owns 2,084 shares of the technology company's stock worth $704,000 after buying an additional 857 shares during the last quarter. Finally, Congress Asset Management Co. grew its position in shares of CyberArk Software by 304.2% during the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock worth $112,476,000 after buying an additional 250,441 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

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.