CyberArk Software Ltd. (NASDAQ:CYBR) Given Average Recommendation of “Hold” by Brokerages

CyberArk Software Ltd. (NASDAQ:CYBR) has received an average recommendation of “Hold” from the thirty-two research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $462.6250.

Several equities analysts recently commented on CYBR shares. Piper Sandler set a $474.00 price target on shares of CyberArk Software in a research note on Wednesday, December 17th. Barclays reaffirmed an “equal weight” rating and set a $520.00 target price (up from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. assumed coverage on CyberArk Software in a research report on Wednesday, December 17th. They set a “neutral” rating and a $474.00 price target on the stock. Finally, Citigroup cut CyberArk Software from a “buy” rating to a “hold” rating and lifted their price objective for the company from $465.00 to $524.00 in a report on Tuesday, November 4th.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in CyberArk Software in the 3rd quarter valued at about $2,363,000. Hudson Bay Capital Management LP acquired a new stake in shares of CyberArk Software during the 3rd quarter worth approximately $230,284,000. IFP Advisors Inc increased its stake in CyberArk Software by 28.5% in the third quarter. IFP Advisors Inc now owns 1,453 shares of the technology company’s stock valued at $702,000 after acquiring an additional 322 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in CyberArk Software during the third quarter valued at approximately $60,860,000. Finally, CIBC Bancorp USA Inc. bought a new stake in CyberArk Software during the third quarter worth $109,894,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $451.89 on Thursday. The firm has a market cap of $22.81 billion, a P/E ratio of -98.02, a price-to-earnings-growth ratio of 24.43 and a beta of 0.99. The business’s 50 day moving average is $479.42 and its 200-day moving average is $448.14. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52. CyberArk Software has a 1-year low of $288.63 and a 1-year high of $526.19.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.28. The business had revenue of $342.84 million during the quarter, compared to the consensus estimate of $328.52 million. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS. Equities research analysts predict that CyberArk Software will post -0.47 earnings per share for the current year.

CyberArk Software Company Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.