Brokerages Set CyberArk Software Ltd. (NASDAQ:CYBR) Target Price at $462.63

CyberArk Software Ltd. (NASDAQ:CYBR) has been assigned a consensus rating of “Hold” from the thirty-two brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, twenty-four have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $462.6250.

Several equities analysts have recently commented on the stock. Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Barclays reaffirmed an “equal weight” rating and set a $520.00 target price (up previously from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Piper Sandler set a $474.00 price target on CyberArk Software in a report on Wednesday, December 17th. Citigroup cut CyberArk Software from a “buy” rating to a “hold” rating and raised their price objective for the stock from $465.00 to $524.00 in a research note on Tuesday, November 4th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors and hedge funds have recently bought and sold shares of CYBR. Pentwater Capital Management LP acquired a new position in CyberArk Software in the third quarter valued at approximately $1,770,745,000. Norges Bank bought a new stake in shares of CyberArk Software in the 2nd quarter worth approximately $444,613,000. Hudson Bay Capital Management LP acquired a new position in CyberArk Software during the 3rd quarter valued at approximately $230,284,000. Bank of America Corp DE grew its stake in CyberArk Software by 88.8% during the 3rd quarter. Bank of America Corp DE now owns 960,708 shares of the technology company’s stock worth $464,166,000 after buying an additional 451,962 shares during the last quarter. Finally, Barclays PLC grew its stake in CyberArk Software by 948.3% during the 3rd quarter. Barclays PLC now owns 471,411 shares of the technology company’s stock worth $227,762,000 after buying an additional 426,441 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CyberArk Software stock opened at $461.71 on Monday. CyberArk Software has a 52 week low of $288.63 and a 52 week high of $526.19. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52. The stock has a market cap of $23.31 billion, a P/E ratio of -100.15, a price-to-earnings-growth ratio of 21.41 and a beta of 0.92. The stock has a 50 day moving average of $462.69 and a 200-day moving average of $454.36.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The business had revenue of $342.84 million during the quarter, compared to analyst estimates of $328.52 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business’s revenue was up 42.8% compared to the same quarter last year. On average, analysts expect that CyberArk Software will post -0.47 EPS for the current fiscal 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.