Analysts Set CyberArk Software Ltd. (NASDAQ:CYBR) PT at $439.00

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have been given an average rating of “Hold” by the thirty-one brokerages that are currently covering the company, MarketBeat reports. Nineteen analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $443.3846.

A number of research analysts have weighed in on the company. DA Davidson increased their target price on CyberArk Software from $465.00 to $518.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wolfe Research downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Guggenheim downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a report on Thursday, July 31st. Wedbush reissued a “neutral” rating and issued a $450.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new position in shares of CyberArk Software in the second quarter worth about $30,000. NewSquare Capital LLC raised its stake in shares of CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after buying an additional 32 shares during the period. Golden State Wealth Management LLC raised its stake in shares of CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock worth $26,000 after buying an additional 39 shares during the period. AlphaCore Capital LLC bought a new position in shares of CyberArk Software in the second quarter worth about $33,000. Finally, Bessemer Group Inc. raised its stake in shares of CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after buying an additional 80 shares during the period. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 3.0%

CYBR stock opened at $514.06 on Friday. CyberArk Software has a fifty-two week low of $271.68 and a fifty-two week high of $514.28. The business’s 50-day moving average is $454.76 and its two-hundred day moving average is $398.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market cap of $25.95 billion, a price-to-earnings ratio of -152.54 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. CyberArk Software’s revenue was up 46.0% on a year-over-year basis. As a group, analysts forecast that CyberArk Software will post -0.47 earnings per share 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.