CyberArk Software (NASDAQ:CYBR – Get Rating) had its price objective upped by The Goldman Sachs Group from $158.00 to $175.00 in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the technology company’s stock.
Other equities analysts have also recently issued research reports about the stock. Wedbush increased their price objective on shares of CyberArk Software from $150.00 to $170.00 and gave the stock an outperform rating in a research report on Thursday. Robert W. Baird lowered their price objective on shares of CyberArk Software from $200.00 to $180.00 in a research report on Friday, May 13th. StockNews.com raised shares of CyberArk Software from a sell rating to a hold rating in a research report on Wednesday, May 25th. Needham & Company LLC increased their target price on shares of CyberArk Software from $195.00 to $200.00 and gave the stock a buy rating in a report on Thursday. Finally, Stephens started coverage on shares of CyberArk Software in a report on Wednesday, May 25th. They set an overweight rating and a $170.00 target price on the stock. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $177.67.
CyberArk Software Stock Performance
CyberArk Software stock opened at $147.08 on Thursday. The firm has a 50 day simple moving average of $134.19 and a 200-day simple moving average of $145.23. CyberArk Software has a 1-year low of $100.35 and a 1-year high of $201.68. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.81 and a quick ratio of 3.07. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of -48.70 and a beta of 1.20.
CyberArk Software (NASDAQ:CYBR – Get Rating) last posted its quarterly earnings results on Wednesday, August 10th. The technology company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.03. The business had revenue of $142.33 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.45) EPS. On average, analysts expect that CyberArk Software will post -3.61 EPS for the current year.
Institutional Investors Weigh In On CyberArk Software
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in CyberArk Software by 14.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 630 shares of the technology company’s stock worth $81,000 after acquiring an additional 79 shares in the last quarter. Quantbot Technologies LP raised its stake in CyberArk Software by 67.8% during the 2nd quarter. Quantbot Technologies LP now owns 4,354 shares of the technology company’s stock worth $557,000 after acquiring an additional 1,759 shares in the last quarter. Solstein Capital LLC raised its stake in CyberArk Software by 183.6% during the 2nd quarter. Solstein Capital LLC now owns 13,906 shares of the technology company’s stock worth $1,779,000 after acquiring an additional 9,002 shares in the last quarter. Teacher Retirement System of Texas raised its stake in CyberArk Software by 47.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,769 shares of the technology company’s stock worth $866,000 after acquiring an additional 2,173 shares in the last quarter. Finally, American International Group Inc. raised its stake in CyberArk Software by 7.0% during the 2nd quarter. American International Group Inc. now owns 6,254 shares of the technology company’s stock worth $800,000 after acquiring an additional 408 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.
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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