CyberArk Software (NASDAQ:CYBR – Get Rating) had its target price raised by Needham & Company LLC from $195.00 to $200.00 in a research report released on Thursday morning, The Fly reports. They currently have a buy rating on the technology company’s stock.
Several other research firms have also commented on CYBR. Stifel Nicolaus lowered their price target on shares of CyberArk Software from $210.00 to $168.00 in a report on Friday, May 13th. Wedbush lowered their price target on shares of CyberArk Software from $195.00 to $150.00 in a report on Friday, May 13th. Mizuho upped their price target on shares of CyberArk Software from $170.00 to $180.00 and gave the company a buy rating in a report on Thursday. Wells Fargo & Company upped their price target on shares of CyberArk Software from $125.00 to $145.00 and gave the company an equal weight rating in a report on Thursday. Finally, Robert W. Baird lowered their price target on shares of CyberArk Software from $200.00 to $180.00 in a report on Friday, May 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $177.67.
CyberArk Software Price Performance
Shares of CYBR opened at $147.08 on Thursday. The firm has a market capitalization of $5.99 billion, a PE ratio of -48.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.81 and a quick ratio of 3.07. CyberArk Software has a 1-year low of $100.35 and a 1-year high of $201.68. The company’s fifty day moving average price is $134.19 and its 200-day moving average price is $145.23.
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. The firm had revenue of $142.33 million for the quarter, compared to analyst estimates of $138.45 million. CyberArk Software had a negative net margin of 22.37% and a negative return on equity of 15.42%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.45) earnings per share. On average, equities research analysts predict that CyberArk Software will post -3.61 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC acquired a new position in shares of CyberArk Software during the 4th quarter worth about $26,000. Parallel Advisors LLC raised its holdings in CyberArk Software by 77.2% in the 1st quarter. Parallel Advisors LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 71 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in CyberArk Software by 3,900.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 200 shares of the technology company’s stock valued at $26,000 after acquiring an additional 195 shares during the last quarter. Endurance Wealth Management Inc. acquired a new stake in CyberArk Software in the 1st quarter valued at about $42,000. Finally, Silvant Capital Management LLC acquired a new stake in CyberArk Software in the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 89.52% of the company’s stock.
CyberArk Software Company Profile
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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