Brokerages Set CyberArk (CYBR) Target Price at $52.50

Shares of CyberArk (NASDAQ:CYBR) have earned an average recommendation of “Buy” from the twenty-two brokerages that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $52.66.

CYBR has been the topic of a number of analyst reports. ValuEngine lowered CyberArk from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. BidaskClub lowered CyberArk from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. UBS raised CyberArk from a “neutral” rating to a “buy” rating and increased their price target for the company from $50.00 to $58.00 in a research report on Tuesday, February 20th. Zacks Investment Research lowered CyberArk from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Evercore ISI reaffirmed a “buy” rating on shares of CyberArk in a research report on Thursday, February 15th.

CYBR stock traded down $0.92 during mid-day trading on Thursday, reaching $52.40. The company had a trading volume of 332,723 shares, compared to its average volume of 288,807. The firm has a market capitalization of $1,864.29, a P/E ratio of 71.78, a P/E/G 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 posted its quarterly earnings results on Thursday, February 15th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $80.37 million for the quarter, compared to analyst estimates of $75.62 million. CyberArk had a return on equity of 6.88% and a net margin of 6.12%. CyberArk’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. equities analysts anticipate that CyberArk will post 0.54 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CYBR. Bridgecreek Investment Management LLC grew its stake in CyberArk by 105.3% during the 4th quarter. Bridgecreek Investment Management LLC now owns 85,750 shares of the technology company’s stock worth $3,549,000 after buying an additional 43,975 shares during the last quarter. Fox Run Management L.L.C. grew its stake in CyberArk by 74.3% during the 4th quarter. Fox Run Management L.L.C. now owns 14,641 shares of the technology company’s stock worth $606,000 after buying an additional 6,241 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in CyberArk during the 4th quarter worth approximately $237,000. Two Sigma Investments LP grew its stake in CyberArk by 414.3% during the 4th quarter. Two Sigma Investments LP now owns 165,632 shares of the technology company’s stock worth $6,856,000 after buying an additional 133,428 shares during the last quarter. Finally, Congress Asset Management Co. MA grew its stake in CyberArk by 2.8% during the 4th quarter. Congress Asset Management Co. MA now owns 73,574 shares of the technology company’s stock worth $3,045,000 after buying an additional 1,978 shares during the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

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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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