CyberArk Software (NASDAQ:CYBR – Get Rating) had its target price lifted by Mizuho from $170.00 to $180.00 in a research report report published on Thursday morning, The Fly reports. The brokerage currently has a buy rating on the technology company’s stock.
CYBR has been the topic of several other reports. Robert W. Baird cut their target price on CyberArk Software from $200.00 to $180.00 in a research note on Friday, May 13th. StockNews.com upgraded CyberArk Software from a sell rating to a hold rating in a research note on Wednesday, May 25th. Summit Insights cut their target price on CyberArk Software from $225.00 to $150.00 in a research note on Thursday, May 12th. Stephens assumed coverage on CyberArk Software in a report on Wednesday, May 25th. They set an overweight rating and a $170.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on CyberArk Software from $170.00 to $125.00 in a report on Friday, May 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $177.67.
CyberArk Software Stock Up 1.0 %
Shares of NASDAQ:CYBR opened at $147.08 on Thursday. CyberArk Software has a 52-week low of $100.35 and a 52-week high of $201.68. The firm has a market capitalization of $5.99 billion, a P/E ratio of -48.70 and a beta of 1.20. The stock has a 50 day moving average price of $134.19 and a 200-day moving average price of $145.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.07 and a current ratio of 2.81.
CyberArk Software (NASDAQ:CYBR – Get Rating) last announced its earnings results on Wednesday, August 10th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.03. CyberArk Software had a negative return on equity of 15.42% and a negative net margin of 22.37%. The firm had revenue of $142.33 million during the quarter, compared to analyst estimates of $138.45 million. During the same quarter in the prior year, the company earned ($0.45) EPS. The business’s revenue was up 21.4% compared to the same quarter last year. As a group, equities research analysts anticipate that CyberArk Software will post -3.61 EPS for the current fiscal year.
Hedge Funds Weigh In On CyberArk Software
Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its holdings in CyberArk Software by 8.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,385 shares of the technology company’s stock valued at $240,000 after acquiring an additional 111 shares during the period. Fifth Third Bancorp raised its holdings in CyberArk Software by 5.9% during the fourth quarter. Fifth Third Bancorp now owns 1,798 shares of the technology company’s stock valued at $312,000 after acquiring an additional 100 shares during the period. Oppenheimer & Co. Inc. bought a new stake in CyberArk Software during the fourth quarter valued at about $217,000. DekaBank Deutsche Girozentrale raised its holdings in CyberArk Software by 2.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 8,890 shares of the technology company’s stock valued at $1,535,000 after acquiring an additional 190 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in CyberArk Software during the fourth quarter valued at about $4,985,000. 89.52% of the stock is owned by institutional investors.
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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