Analysts Set Cyberark Software Ltd (NASDAQ:CYBR) Target Price at $112.58

Cyberark Software Ltd (NASDAQ:CYBR) has been given a consensus recommendation of “Buy” by the twenty-four brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $114.40.

CYBR has been the subject of several recent research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 3,600 ($47.04) price target on shares of in a research note on Friday, May 31st. Mizuho upped their target price on Cyberark Software from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Morgan Stanley reaffirmed an “overweight” rating and set a C$125.00 target price on shares of Intact Financial in a research report on Wednesday, May 15th. Wedbush set a $30.00 price objective on Aquestive Therapeutics and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday.

Shares of CYBR traded down $0.25 during trading hours on Friday, reaching $139.46. The company’s stock had a trading volume of 560,085 shares, compared to its average volume of 668,045. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 97.52, a price-to-earnings-growth ratio of 7.35 and a beta of 1.58. Cyberark Software has a 1-year low of $59.02 and a 1-year high of $144.18. The firm has a 50 day moving average of $130.21.

Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Tuesday, May 14th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.33. The company had revenue of $95.94 million for the quarter, compared to the consensus estimate of $92.42 million. Cyberark Software had a return on equity of 12.73% and a net margin of 14.79%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. On average, research analysts predict that Cyberark Software will post 1.2 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in Cyberark Software during the second quarter valued at about $26,000. Advisory Services Network LLC boosted its position in shares of Cyberark Software by 2,490.0% in the 1st quarter. Advisory Services Network LLC now owns 259 shares of the technology company’s stock worth $31,000 after purchasing an additional 249 shares in the last quarter. NEXT Financial Group Inc boosted its position in shares of Cyberark Software by 59.5% in the 2nd quarter. NEXT Financial Group Inc now owns 319 shares of the technology company’s stock worth $41,000 after purchasing an additional 119 shares in the last quarter. Global Retirement Partners LLC lifted its position in Cyberark Software by 100.0% in the 1st quarter. Global Retirement Partners LLC now owns 400 shares of the technology company’s stock valued at $48,000 after acquiring an additional 200 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in Cyberark Software by 910.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 505 shares of the technology company’s stock valued at $60,000 after acquiring an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 71.68% of the company’s stock.

Cyberark Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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