As reported by MarketBeat.com, CyberArk Software Ltd. (NASDAQ:CYBR – Get Free Report ) shares have received an average rating of Moderate Buy from 24 analysts currently covering the company. 1 investment analysts have rated the stock with a Hold recommendation, while 23 have given the company a Buy recommendation. The average 12-month target price among brokers that have updated their coverage of the company’s stock in the past year is $270.83.
CYBR has been the subject of numerous research reports. JMP Securities increased their price target on CyberArk Software from $280.00 to $310.00 and gave the company a “market outperform” rating in a research note on Friday, May 24th. Needham & Company LLC reaffirmed their “buy” rating on shares of CyberArk Software with a $310.00 price target in a research note on Monday, May 20th. Bank of America reaffirmed their “buy” rating on shares of CyberArk Software with a $315.00 price target in a research note on Wednesday, April 24th. Canaccord Genuity Group lowered their price target on CyberArk Software from $300.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, D.A. Davidson increased their price target on CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd.
Read the latest analysis on CyberArk Software
CyberArk Software shares rose 0.2%
CyberArk shares opened trading at $252.33 on Friday. The company’s 50-day moving average price is $240.98 and its 200-day moving average price is $239.34. The company has a market cap of $10.66 billion, a price-to-earnings ratio of -394.27 and a beta of 1.08. CyberArk Software’s 52-week low is $142.92 and its 52-week high is $283.00.
CyberArk Software (NASDAQ:CYBR – Get free report ) announced its latest earnings on Thursday, May 2nd. The technology company reported quarterly earnings per share of $0.16, beating the consensus estimate of ($0.51) by $0.67. The company’s revenue for the quarter was $221.55 million, beating analyst expectations of $213.42 million. CyberArk Software had a return on equity of -2.51% and a net margin of -3.20%. Sell-side analysts expect CyberArk Software to post EPS of -1.24 for the current fiscal year.
Institutional Trading of CyberArk Software
Several large investors recently bought and sold shares of CYBR. Jennison Associates LLC increased its holdings in CyberArk Software by 81.4% in the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock valued at $230,871,000 after purchasing an additional 472,961 shares in the last quarter. Norges Bank acquired a new stake in CyberArk Software in the fourth quarter valued at $100,797,000. Swedbank AB acquired a new stake in CyberArk Software in the first quarter valued at $109,466,000. 1832 Asset Management LP increased its stake in CyberArk Software by 1,291.7% in the first quarter. 1832 Asset Management LP now owns 386,365 shares of the technology company’s stock valued at $102.63 million after acquiring an additional 358,602 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in CyberArk Software in the first quarter valued at $67,736,000. Institutional investors and hedge funds hold 91.84% of the company’s shares.
About CyberArk Software
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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. The company’s solutions include Privileged Access Manager, which provides risk-based credential security and sessions; Vendor Privileged Access Manager, which combines Privileged Access Manager with 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 protects endpoint privileges; and Secure Desktop, a solution that protects access to endpoints.
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