Cyberark Software Ltd (NASDAQ:CYBR) has earned an average recommendation of “Buy” from the twenty-three research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $80.58.

Several brokerages have recently commented on CYBR. BidaskClub raised Cyberark Software from a “hold” rating to a “buy” rating in a report on Monday, October 1st. Oppenheimer boosted their target price on Cyberark Software from $75.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Wedbush reissued an “outperform” rating and issued a $95.00 target price on shares of Cyberark Software in a report on Thursday, November 8th. Morgan Stanley set a $95.00 target price on Cyberark Software and gave the stock a “buy” rating in a report on Thursday, November 8th. Finally, Evercore ISI reissued a “buy” rating and issued a $96.00 target price on shares of Cyberark Software in a report on Sunday, November 11th.

Hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC bought a new position in Cyberark Software in the 4th quarter worth approximately $41,000. DekaBank Deutsche Girozentrale raised its position in Cyberark Software by 130.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock worth $136,000 after purchasing an additional 1,045 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Cyberark Software in the 3rd quarter worth approximately $149,000. Sawtooth Solutions LLC bought a new position in Cyberark Software in the 3rd quarter worth approximately $207,000. Finally, Winslow Evans & Crocker Inc. bought a new position in Cyberark Software in the 3rd quarter worth approximately $214,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

NASDAQ CYBR traded down $0.58 during trading on Friday, reaching $77.94. 122,233 shares of the company traded hands, compared to its average volume of 560,036. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 106.77, a PEG ratio of 5.01 and a beta of 1.76. Cyberark Software has a 1-year low of $41.55 and a 1-year high of $84.21.

Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.21. The company had revenue of $84.70 million for the quarter, compared to the consensus estimate of $78.82 million. Cyberark Software had a return on equity of 9.38% and a net margin of 8.41%. The company’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share. Equities analysts expect that Cyberark Software will post 1.01 EPS for the current year.

Cyberark Software Company Profile

CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It operates through the following geographical segments: United States; Israel; United Kingdom; Europe, the Middle East and Africa; and Other. Its products include core privileged access security, application identity and endpoint privilege manager, and Conjur.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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