Analysts Set CyberArk Software Ltd. (NASDAQ:CYBR) Price Target at $339.22

CyberArk Software Ltd. (NASDAQ:CYBR) has been given an average rating of “Moderate Buy” by the twenty-seven ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and twenty-six have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $346.52.

A number of equities analysts have recently commented on CYBR shares. Wells Fargo & Company boosted their price target on CyberArk Software from $350.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, January 2nd. Truist Financial reissued a “buy” rating and issued a $350.00 target price (up previously from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. Scotiabank started coverage on shares of CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target on the stock. UBS Group raised their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus boosted their target price on shares of CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th.

CyberArk Software Stock Up 1.9 %

CYBR opened at $345.92 on Thursday. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 1,281.23 and a beta of 1.13. CyberArk Software has a twelve month low of $213.05 and a twelve month high of $348.24. The company has a 50-day simple moving average of $313.09 and a 200 day simple moving average of $288.05.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.31) EPS. Sell-side analysts anticipate that CyberArk Software will post -0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Institutional investors have recently modified their holdings of the company. Coldstream Capital Management Inc. increased its stake in CyberArk Software by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after purchasing an additional 42 shares in the last quarter. Greenleaf Trust raised its holdings in shares of CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after acquiring an additional 45 shares during the last quarter. Signaturefd LLC lifted its position in CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after acquiring an additional 49 shares in the last quarter. Austin Private Wealth LLC boosted its stake in CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after purchasing an additional 52 shares during the last quarter. Finally, Arcadia Investment Management Corp MI increased its holdings in CyberArk Software by 42.2% during the 2nd 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 in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

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.