Analysts Set CyberArk Software Ltd. (NASDAQ:CYBR) Price Target at $328.37

CyberArk Software Ltd. (NASDAQ:CYBR) has received a consensus rating of “Moderate Buy” from the twenty-six analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and twenty-five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $333.00.

CYBR has been the topic of several research analyst reports. Truist Financial restated a “buy” rating and set a $350.00 target price (up previously from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $335.00 target price on shares of CyberArk Software in a report on Thursday, November 14th. UBS Group upped 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. Susquehanna raised their price target on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, Wedbush upped their price objective on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st.

Institutional Trading of CyberArk Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc acquired a new stake in CyberArk Software in the second quarter valued at approximately $711,000. HighTower Advisors LLC lifted its holdings in shares of CyberArk Software by 16.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after purchasing an additional 2,062 shares in the last quarter. Sycomore Asset Management lifted its holdings in shares of CyberArk Software by 36.6% in the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company’s stock worth $15,973,000 after purchasing an additional 16,294 shares in the last quarter. Cetera Investment Advisers grew its position in CyberArk Software by 527.2% in the 1st quarter. Cetera Investment Advisers now owns 11,452 shares of the technology company’s stock valued at $3,042,000 after purchasing an additional 9,626 shares during the period. Finally, Jennison Associates LLC increased its stake in CyberArk Software by 0.8% during the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after purchasing an additional 9,570 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $313.36 on Friday. The business’s fifty day moving average price is $302.84 and its two-hundred day moving average price is $278.70. CyberArk Software has a fifty-two week low of $198.01 and a fifty-two week high of $333.32. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 1,160.64 and a beta of 1.13.

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

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.