CyberArk Software Ltd. (NASDAQ:CYBR) Receives $280.63 Average PT from Brokerages

CyberArk Software Ltd. (NASDAQ:CYBR) has been given an average recommendation of “Moderate Buy” by the twenty-four brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and twenty-three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $290.83.

A number of research firms have commented on CYBR. DA Davidson increased their target price on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday. KeyCorp boosted their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday. Rosenblatt Securities reissued a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Tuesday. Citigroup upped their target price on CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a report on Friday. Finally, Susquehanna raised their price target on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a report on Friday.

Institutional Investors Weigh In On CyberArk Software

Several large investors have recently modified their holdings of the stock. Fulton Bank N.A. boosted its position in shares of CyberArk Software by 13.4% in the 4th quarter. Fulton Bank N.A. now owns 2,188 shares of the technology company’s stock valued at $479,000 after purchasing an additional 259 shares during the period. Toth Financial Advisory Corp purchased a new position in shares of CyberArk Software in the fourth quarter worth approximately $569,000. Geneos Wealth Management Inc. raised its holdings in shares of CyberArk Software by 163.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,460 shares of the technology company’s stock valued at $977,000 after acquiring an additional 2,767 shares during the period. Meitav Investment House Ltd. lifted its position in shares of CyberArk Software by 8.0% in the 4th quarter. Meitav Investment House Ltd. now owns 37,968 shares of the technology company’s stock valued at $8,317,000 after acquiring an additional 2,823 shares in the last quarter. Finally, Crestwood Advisors Group LLC acquired a new position in CyberArk Software in the 4th quarter worth approximately $230,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

Shares of CYBR stock opened at $273.72 on Monday. The firm has a market cap of $11.57 billion, a P/E ratio of -427.69 and a beta of 1.14. The firm has a fifty day moving average of $257.66 and a two-hundred day moving average of $252.36. CyberArk Software has a 1-year low of $148.01 and a 1-year high of $284.10.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.