CyberArk Software Ltd. (NASDAQ:CYBR) Receives $415.18 Average Target Price from Analysts

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have received a consensus rating of “Buy” from the twenty-eight analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, twenty-five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $415.18.

CYBR has been the subject of a number of research analyst reports. Oppenheimer boosted their target price on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Stephens initiated coverage on CyberArk Software in a research note on Tuesday, April 1st. They issued an “overweight” rating and a $440.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $480.00 target price on shares of CyberArk Software in a research note on Thursday, March 20th. DA Davidson decreased their target price on CyberArk Software from $475.00 to $415.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $445.00 target price on shares of CyberArk Software in a research note on Wednesday, February 26th.

CyberArk Software Stock Down 1.5%

Shares of CyberArk Software stock opened at $359.04 on Wednesday. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00. The business has a fifty day simple moving average of $340.85 and a 200 day simple moving average of $338.76. The stock has a market cap of $17.75 billion, a PE ratio of -184.12 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) 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%. Analysts expect that CyberArk Software will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

A number of institutional investors have recently bought and sold shares of the business. Jennison Associates LLC increased its position in CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after buying an additional 391,900 shares during the last quarter. Thoma Bravo L.P. acquired a new position in CyberArk Software during the fourth quarter worth approximately $380,637,000. First Trust Advisors LP increased its position in CyberArk Software by 2.3% during the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company’s stock worth $313,084,000 after buying an additional 20,832 shares during the last quarter. Pictet Asset Management Holding SA increased its position in CyberArk Software by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock worth $292,651,000 after buying an additional 68,359 shares during the last quarter. Finally, Norges Bank acquired a new position in CyberArk Software during the fourth quarter worth approximately $203,375,000. 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.