CyberArk Software Ltd. (NASDAQ:CYBR) Receives Consensus Rating of "Moderate Buy" from Brokerages

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and twenty-six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $418.15.

Several research analysts have weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $480.00 price target on shares of CyberArk Software in a report on Thursday. DA Davidson reiterated a "buy" rating and issued a $475.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Robert W. Baird raised their price target on CyberArk Software from $455.00 to $465.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. Wells Fargo & Company upped their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Barclays increased their price objective on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, February 14th.

CyberArk Software Trading Up 1.4 %

Shares of NASDAQ:CYBR traded up $4.85 on Tuesday, hitting $351.61. The company had a trading volume of 245,300 shares, compared to its average volume of 492,693. The company has a market cap of $17.38 billion, a PE ratio of -180.51 and a beta of 1.06. CyberArk Software has a 52-week low of $223.41 and a 52-week high of $421.00. The business has a 50 day moving average of $364.00 and a 200 day moving average of $322.67.

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CyberArk Software (NASDAQ:CYBR - Get Free Report) last released 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 negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, equities analysts predict that CyberArk Software will post -0.47 EPS for the current year.

Hedge Funds Weigh In On CyberArk Software

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its stake in CyberArk Software by 50.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,022 shares of the technology company's stock valued at $1,007,000 after buying an additional 1,007 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in CyberArk Software during the fourth quarter worth $3,107,000. Centaurus Financial Inc. boosted its holdings in CyberArk Software by 100.0% in the fourth quarter. Centaurus Financial Inc. now owns 950 shares of the technology company's stock worth $316,000 after purchasing an additional 475 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in CyberArk Software by 5.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 3,132 shares of the technology company's stock worth $1,043,000 after purchasing an additional 174 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of CyberArk Software by 4.2% during the fourth 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 period. Institutional investors own 91.84% of the company's stock.

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.