While CyberArk Software Ltd has overperformed by 1.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CYBR rose by 76.54%, with highs and lows ranging from $283.00 to $120.11, whereas the simple moving average jumped by 41.18% in the last 200 days.
On February 08, 2024, Cantor Fitzgerald started tracking CyberArk Software Ltd (NASDAQ: CYBR) recommending Overweight. A report published by Morgan Stanley on January 09, 2024, Downgraded its rating to ‘Equal-Weight’ for CYBR. Susquehanna also rated CYBR shares as ‘Positive’, setting a target price of $255 on the company’s shares in an initiating report dated December 15, 2023. Jefferies Initiated an Buy rating on December 15, 2023, and assigned a price target of $240. Wells Fargo December 04, 2023d its ‘Equal Weight’ rating to ‘Overweight’ for CYBR, as published in its report on December 04, 2023. JP Morgan’s report from October 17, 2023 suggests a price prediction of $200 for CYBR shares, giving the stock a ‘Overweight’ rating. Guggenheim also rated the stock as ‘Buy’.
Analysis of CyberArk Software Ltd (CYBR)
Further, the quarter-over-quarter increase in sales is 31.90%, showing a positive trend in the upcoming months.
One of the most important indicators of CyberArk Software Ltd’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -9.05% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.22, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CYBR is recording 650.87K average volume. On a monthly basis, the volatility of the stock is set at 3.82%, whereas on a weekly basis, it is put at 3.16%, with a loss of -0.64% over the past seven days. Furthermore, long-term investors anticipate a median target price of $298.59, showing growth from the present price of $262.06, which can serve as yet another indication of whether CYBR is worth investing in or should be passed over.
How Do You Analyze CyberArk Software Ltd Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.24%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 115.73% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CYBR shares are owned by institutional investors to the tune of 115.73% at present.
