CyberArk Software Ltd. (NASDAQ:CYBR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have been given a consensus rating of “Moderate Buy” by the twenty-seven research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and twenty-six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $414.07.

A number of research firms have issued reports on CYBR. JPMorgan Chase & Co. boosted their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Needham & Company LLC upped their price target on CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday, January 9th. UBS Group raised their price objective 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. Mizuho raised their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $475.00 price target on shares of CyberArk Software in a report on Tuesday.

CyberArk Software Trading Down 1.2 %

CYBR opened at $370.18 on Friday. CyberArk Software has a twelve month low of $223.41 and a twelve month high of $421.00. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of -189.84 and a beta of 1.15. The company has a fifty day simple moving average of $357.54 and a 200 day simple moving average of $314.85.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. On average, analysts forecast that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software in the 4th quarter worth approximately $25,000. TD Private Client Wealth LLC boosted its stake in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software during the 4th quarter valued at $39,000. Graney & King LLC purchased a new position in shares of CyberArk Software during the 4th quarter valued at $43,000. Finally, Montag A & Associates Inc. boosted its holdings in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after purchasing an additional 42 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

About CyberArk Software

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.