Shares of Cyberark Software Ltd (NASDAQ:CYBR) have been assigned an average rating of “Buy” from the twenty-two brokerages that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $79.06.

CYBR has been the topic of several analyst reports. Wedbush initiated coverage on shares of Cyberark Software in a report on Thursday, October 18th. They issued an “outperform” rating and a $85.00 target price on the stock. UBS Group lifted their target price on shares of Cyberark Software from $85.00 to $90.00 and gave the company a “positive” rating in a report on Thursday. Morgan Stanley raised shares of Cyberark Software from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $71.00 to $92.00 in a report on Thursday, September 27th. BidaskClub downgraded shares of Cyberark Software from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $70.00 price objective on shares of Cyberark Software in a report on Thursday, August 9th.

A number of hedge funds have recently added to or reduced their stakes in CYBR. Acadian Asset Management LLC boosted its holdings in Cyberark Software by 139.2% during the third quarter. Acadian Asset Management LLC now owns 1,474,648 shares of the technology company’s stock worth $117,737,000 after buying an additional 858,244 shares in the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of Cyberark Software in the second quarter valued at about $38,220,000. Hood River Capital Management LLC purchased a new stake in shares of Cyberark Software in the second quarter valued at about $16,254,000. Epoch Investment Partners Inc. lifted its holdings in shares of Cyberark Software by 13.7% in the second quarter. Epoch Investment Partners Inc. now owns 1,485,527 shares of the technology company’s stock valued at $93,529,000 after purchasing an additional 178,712 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of Cyberark Software in the third quarter valued at about $11,948,000. 77.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:CYBR traded down $2.72 during midday trading on Monday, hitting $74.61. The stock had a trading volume of 813,581 shares, compared to its average volume of 492,160. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 102.21, a PEG ratio of 5.14 and a beta of 2.08. Cyberark Software has a 1 year low of $40.63 and a 1 year high of $84.21.

Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 7th. The technology company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.21. The business had revenue of $84.70 million for the quarter, compared to the consensus estimate of $78.82 million. Cyberark Software had a net margin of 8.41% and a return on equity of 9.69%. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, sell-side analysts forecast that Cyberark Software will post 0.8 earnings per share for the current fiscal year.

About Cyberark Software

CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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