CyberArk Software (NASDAQ:CYBR – Get Rating) had its target price hoisted by analysts at Wolfe Research from $155.00 to $180.00 in a research report issued on Friday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the technology company’s stock. Wolfe Research’s target price points to a potential upside of 22.38% from the company’s current price.
CYBR has been the topic of a number of other reports. Barclays raised their price objective on shares of CyberArk Software from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday. Robert W. Baird cut their price target on shares of CyberArk Software from $200.00 to $180.00 in a research note on Friday, May 13th. Stifel Nicolaus cut their price target on shares of CyberArk Software from $210.00 to $168.00 in a research note on Friday, May 13th. KeyCorp lifted their price target on shares of CyberArk Software from $160.00 to $184.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, StockNews.com upgraded shares of CyberArk Software from a “sell” rating to a “hold” rating in a research note on Wednesday, May 25th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average price target of $177.67.
CyberArk Software Price Performance
Shares of CYBR opened at $147.08 on Friday. CyberArk Software has a twelve month low of $100.35 and a twelve month high of $201.68. The firm’s fifty day simple moving average is $134.19 and its 200-day simple moving average is $145.23. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of -48.70 and a beta of 1.20. The company has a current ratio of 2.81, a quick ratio of 3.07 and a debt-to-equity ratio of 0.86.
CyberArk Software (NASDAQ:CYBR – Get Rating) last announced its quarterly earnings data on Wednesday, August 10th. The technology company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.03. CyberArk Software had a negative net margin of 22.37% and a negative return on equity of 15.42%. The business had revenue of $142.33 million for the quarter, compared to analyst estimates of $138.45 million. During the same period last year, the business earned ($0.45) EPS. The company’s revenue was up 21.4% on a year-over-year basis. Equities analysts forecast that CyberArk Software will post -3.61 EPS for the current fiscal year.
Institutional Trading of CyberArk Software
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in shares of CyberArk Software by 14.3% in the second quarter. Quadrant Capital Group LLC now owns 630 shares of the technology company’s stock valued at $81,000 after acquiring an additional 79 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of CyberArk Software by 67.8% in the second quarter. Quantbot Technologies LP now owns 4,354 shares of the technology company’s stock valued at $557,000 after acquiring an additional 1,759 shares in the last quarter. Solstein Capital LLC boosted its holdings in shares of CyberArk Software by 183.6% in the second quarter. Solstein Capital LLC now owns 13,906 shares of the technology company’s stock valued at $1,779,000 after acquiring an additional 9,002 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of CyberArk Software by 47.3% in the second quarter. Teacher Retirement System of Texas now owns 6,769 shares of the technology company’s stock valued at $866,000 after acquiring an additional 2,173 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in CyberArk Software by 7.0% during the second quarter. American International Group Inc. now owns 6,254 shares of the technology company’s stock worth $800,000 after buying an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.
About CyberArk Software
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
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