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

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-seven analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and twenty-six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $401.67.

Several research analysts have weighed in on CYBR shares. Stifel Nicolaus lifted their target price on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a report on Friday, February 14th. UBS Group increased their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. JMP Securities lifted their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, DA Davidson boosted their price objective on shares of CyberArk Software from $360.00 to $390.00 and gave the company a "buy" rating in a research report on Friday, January 3rd.

CyberArk Software Trading Down 4.4 %

Shares of NASDAQ:CYBR traded down $17.68 during midday trading on Friday, hitting $383.29. The company had a trading volume of 672,280 shares, compared to its average volume of 607,966. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00. The firm has a fifty day simple moving average of $355.03 and a 200 day simple moving average of $312.10. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of -196.56 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued 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%. Equities analysts forecast that CyberArk Software will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CyberArk Software during the 4th quarter worth about $25,000. TD Private Client Wealth LLC lifted its position in CyberArk Software by 79.1% during the fourth 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 during the last quarter. Assetmark Inc. boosted its holdings in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after acquiring an additional 123 shares during the period. Plato Investment Management Ltd acquired a new position in shares of CyberArk Software in the fourth quarter valued at approximately $39,000. Finally, Graney & King LLC bought a new position in shares of CyberArk Software during the fourth quarter worth approximately $43,000. 91.84% of the stock is owned by institutional investors.

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.