Now Is A Suitable Moment For A Long-Term Purchase Of CyberArk Software Ltd. (NASDAQ: CYBR)

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Swedbank Robur Fonder AB recently announced the acquisition of new stake in CyberArk Software Ltd. (NASDAQ:CYBR). The institutional investor has increased its shareholding in the Technology company by 15.30% to 1.9 million shares with purchase of 0.25 million shares. This fresh investment now brings its stake to 4.91% valued currently at $197.14 million. In addition, Wasatch Advisors, Inc. raised its holdings by 0.65 million to 1.78 million shares. And Franklin Templeton Institutional. has lifted its position by 72.45% or 0.66 million shares – to 1.56 million shares.

With over 0.43 million CyberArk Software Ltd. (CYBR) shares trading Wednesday and a closing price of $107.26 on the day, the dollar volume was approximately $46.09 million. The shares have shown a positive weekly performance of 8.05% and its price on 07/08/20 lost nearly -0.07%. Currently, there are 38.22M common shares owned by the public and among those 37.99M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 23 analysts who have offered their price forecasts for CYBR have a consensus price objective of $115.45. The analysts have set the share’s price value over the next 12 months at a high of $140.00 and a low of $85.00 should the stock experience a downside. Incidentally, analysts’ outlook for the CyberArk Software Ltd. stock is 2.00 for the next 12 months. The average price target is 6.81% above its last price level and an upside to the estimated low will see the stock lose -26.19% over that period. But an upside of 23.39% will see the stock hit the forecast high price target while mean target price for the stock is $116.00.

Insiders at the company have nil transactions over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC).

The top 3 mutual fund holders in CyberArk Software Ltd. are Government Pension Fund – Global, Franklin International Growth Fun, and Stichting Pensioenfonds ABP (Glob. Government Pension Fund – Global owns 0.73 million shares of the company’s stock, all valued at over $75.58 million. The company bought an additional 40025.0 shares recently to bring their total holdings to about 1.88% of the shares outstanding. Franklin International Growth Fun has total holdings of 0.57 million shares valued at over $59.15 million and representing 1.47% of the shares outstanding. Stichting Pensioenfonds ABP (Glob sold -0.11 million shares to bring its total holdings to over 0.54 million shares at a value of $55.96 million. Stichting Pensioenfonds ABP (Glob now owns shares totaling to 1.39% of the shares outstanding.

Shares of CyberArk Software Ltd. (NASDAQ: CYBR) opened at $107.42, up $0.08 from a prior closing price of $107.34. However, the script later closed the day at $107.26, down -0.07%. The company’s stock has a 5-day price change of 8.05% and 28.79% over the past three months. CYBR shares are trading -7.99% year to date (YTD), with the 12-month market performance down to -17.31% lower. It has a 12-month low price of $69.50 and touched a high of $148.74 over the same period. Currently, 0.43 million shares have been traded, compared to an average intraday trading volume of 615.64K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.59%, 6.04%, and -0.65% respectively.

Institutional ownership of CyberArk Software Ltd. (NASDAQ: CYBR) shares accounts for 87.10% of the company’s 38.22M shares outstanding. Mutual fund holders own 38.26%, while other institutional holders and individual stakeholders account for 48.00% and — respectively.

It has a market capitalization of $4.15B and a beta (3y monthly) value of 1.26. The stock’s trailing 12-month PE ratio is 80.89, while the earnings-per-share (ttm) stands at $1.33. The company has a PEG of 11.90 and a Quick Ratio of 6.20 with the debt-to-equity ratio at 0.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.18% over the week and 3.37% over the month.

Analysts forecast that CyberArk Software Ltd. (CYBR) will achieve an EPS of $0.27 for the current quarter, $0.38 for the next quarter and $2.36 for 2021. The lowest estimate earnings-per-share for the quarter is $0.18 while analysts give the company a high EPS estimate of $0.37. Comparatively, EPS for the current quarter was $0.59 a year ago. Earnings per share for the fiscal year are expected to increase by 27.70%, and 26.77% over the next financial year. EPS should shrink at an annualized rate of 6.80% over the next five years, compared to 37.10% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 23 brokerage firm advisors rate CyberArk Software Ltd. (CYBR) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 7 of the 23 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the CYBR, a number of firms have released research notes about the stock. Monness Crespi & Hardt stated their Buy rating for the stock in a research note on July 06, 2020, with the firm’s price target at $120. Goldman coverage for the CyberArk Software Ltd. (CYBR) stock in a research note released on March 25, 2020 offered a Neutral rating with a price target of $87. Piper Sandler was of a view on March 23, 2020 that the stock is Overweight, while Robert W. Baird gave the stock Neutral rating on March 19, 2020 $85. First Analysis Sec on their part issued Strong Buy rating on February 13, 2020.

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