Analysts Set CyberArk Software Ltd. (NASDAQ:CYBR) Price Target at $299.64

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-five research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $299.64.

CYBR has been the subject of several research reports. DA Davidson upped their target price on CyberArk Software from $285.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Jefferies Financial Group increased their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. Needham & Company LLC reissued a "buy" rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Friday, August 9th. Royal Bank of Canada initiated coverage on CyberArk Software in a research note on Friday, September 20th. They set an "outperform" rating and a $328.00 price objective on the stock. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $300.00 price objective on shares of CyberArk Software in a report on Friday, August 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CYBR. Mather Group LLC. bought a new position in CyberArk Software in the second quarter worth $27,000. Montag A & Associates Inc. purchased a new position in CyberArk Software during the 1st quarter valued at about $27,000. ORG Partners LLC bought a new stake in CyberArk Software during the second quarter worth about $33,000. 1620 Investment Advisors Inc. purchased a new stake in CyberArk Software in the second quarter worth about $39,000. Finally, Arcadia Investment Management Corp MI grew its holdings in CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock worth $50,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

CYBR stock traded up $4.33 during midday trading on Friday, reaching $299.98. The company had a trading volume of 443,969 shares, compared to its average volume of 521,494. The firm has a 50-day moving average price of $280.22 and a 200-day moving average price of $261.10. The company has a market capitalization of $12.68 billion, a P/E ratio of -468.72 and a beta of 1.12. CyberArk Software has a 1 year low of $154.76 and a 1 year high of $308.63.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business had revenue of $224.71 million for the quarter, compared to analysts' expectations of $219.06 million. During the same quarter in the prior year, the firm earned ($0.58) earnings per share. The firm's revenue was up 27.8% on a year-over-year basis. On average, equities analysts predict that CyberArk Software will post -1.06 EPS 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.