CyberArk Software (NASDAQ:CYBR) Sets New 1-Year High - Time to Buy?

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $349.28 and last traded at $343.03, with a volume of 71967 shares. The stock had previously closed at $341.51.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company raised their target price on CyberArk Software from $350.00 to $410.00 and gave the company an "overweight" rating in a research report on Thursday, January 2nd. Truist Financial reaffirmed a "buy" rating and issued a $350.00 price target (up from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. Cantor Fitzgerald restated an "overweight" rating and issued a $335.00 target price on shares of CyberArk Software in a research report on Thursday, November 14th. JMP Securities restated a "market outperform" rating and issued a $360.00 price objective on shares of CyberArk Software in a report on Tuesday. Finally, StockNews.com raised CyberArk Software from a "hold" rating to a "buy" rating in a report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $350.22.

CyberArk Software Stock Up 1.7 %

The stock's 50 day moving average price is $320.70 and its two-hundred day moving average price is $291.34. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 1,286.64 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business's revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.31) EPS. On average, equities analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software in the 4th quarter valued at $25,000. Assetmark Inc. boosted its position in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of CyberArk Software during the 3rd quarter valued at about $51,000. Kieckhefer Group LLC bought a new stake in CyberArk Software in the fourth quarter valued at about $67,000. Finally, Future Financial Wealth Managment LLC acquired a new position in CyberArk Software in the third quarter worth about $87,000. Institutional investors and hedge funds 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.