CyberArk (CYBR) Receives $52.50 Average PT from Analysts

CyberArk (NASDAQ:CYBR) has earned a consensus rating of “Buy” from the twenty-two research firms that are currently covering the company, reports. Eight investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $52.66.

Several research analysts have recently weighed in on CYBR shares. BidaskClub downgraded CyberArk from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. ValuEngine cut CyberArk from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research cut CyberArk from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Evercore ISI reiterated a “buy” rating on shares of CyberArk in a research report on Thursday, February 15th. Finally, Piper Jaffray reiterated a “buy” rating and set a $53.00 price target on shares of CyberArk in a research report on Friday, February 16th.

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Large investors have recently modified their holdings of the business. Asset Management One Co. Ltd. grew its holdings in CyberArk by 122.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock valued at $174,000 after buying an additional 2,340 shares in the last quarter. Invictus RG purchased a new stake in CyberArk in the 4th quarter valued at $199,000. OLD National Bancorp IN acquired a new position in shares of CyberArk in the 4th quarter valued at $222,000. Ramsey Quantitative Systems acquired a new position in shares of CyberArk in the 4th quarter valued at $237,000. Finally, FDx Advisors Inc. acquired a new position in shares of CyberArk in the 4th quarter valued at $238,000. Institutional investors own 74.92% of the company’s stock.

Shares of CYBR stock traded down $0.92 during trading hours on Thursday, hitting $52.40. 332,723 shares of the company’s stock were exchanged, compared to its average volume of 288,807. The company has a market cap of $1,864.29, a price-to-earnings ratio of 71.78, a PEG ratio of 5.35 and a beta of 2.04. CyberArk has a fifty-two week low of $39.34 and a fifty-two week high of $55.63.

CyberArk (NASDAQ:CYBR) last announced its earnings results on Thursday, February 15th. The technology company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The business had revenue of $80.37 million during the quarter, compared to the consensus estimate of $75.62 million. CyberArk had a return on equity of 6.88% and a net margin of 6.12%. The business’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. research analysts forecast that CyberArk will post 0.54 EPS for the current year.

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About CyberArk

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.

Analyst Recommendations for CyberArk (NASDAQ:CYBR)

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