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

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have been given a consensus recommendation of “Hold” by the thirty brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twenty-two have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $459.9545.

Several equities analysts have issued reports on CYBR shares. Mizuho dropped their target price on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Jefferies Financial Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Piper Sandler set a $474.00 target price on shares of CyberArk Software in a research report on Wednesday, December 17th. DA Davidson upped their price target on shares of CyberArk Software from $518.00 to $573.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th.

CyberArk Software Stock Performance

Shares of CYBR opened at $408.85 on Tuesday. The stock has a market capitalization of $20.64 billion, a P/E ratio of -139.54, a P/E/G ratio of 18.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. CyberArk Software has a 1 year low of $288.63 and a 1 year high of $526.19. The company’s fifty day moving average is $427.24 and its two-hundred day moving average is $459.52.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.18. The business had revenue of $372.65 million for the quarter, compared to the consensus estimate of $377.22 million. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, sell-side analysts predict that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On CyberArk Software

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sheets Smith Wealth Management boosted its position in CyberArk Software by 0.7% during the third quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock worth $1,518,000 after purchasing an additional 23 shares in the last quarter. Portside Wealth Group LLC raised its stake in shares of CyberArk Software by 1.1% during the 3rd quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock worth $989,000 after buying an additional 23 shares during the last quarter. Signal Advisors Wealth LLC boosted its position in shares of CyberArk Software by 0.6% in the 3rd quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock worth $1,892,000 after buying an additional 24 shares in the last quarter. Savvy Advisors Inc. boosted its position in shares of CyberArk Software by 4.6% in the 4th quarter. Savvy Advisors Inc. now owns 542 shares of the technology company’s stock worth $242,000 after buying an additional 24 shares in the last quarter. Finally, Level Four Advisory Services LLC grew its stake in CyberArk Software by 0.6% in the 3rd quarter. Level Four Advisory Services LLC now owns 3,884 shares of the technology company’s stock valued at $1,877,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

About CyberArk Software

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.