CyberArk Software (NASDAQ:CYBR – Get Rating) had its price objective hoisted by Wedbush from $150.00 to $170.00 in a report issued on Thursday, The Fly reports. They currently have an outperform rating on the technology company’s stock.
A number of other analysts have also commented on the company. StockNews.com upgraded CyberArk Software from a sell rating to a hold rating in a research report on Wednesday, May 25th. Robert W. Baird decreased their target price on CyberArk Software from $200.00 to $180.00 in a research report on Friday, May 13th. Mizuho boosted their target price on CyberArk Software from $170.00 to $180.00 and gave the stock a buy rating in a research report on Thursday. Stephens initiated coverage on CyberArk Software in a research report on Wednesday, May 25th. They set an overweight rating and a $170.00 target price for the company. Finally, Stifel Nicolaus decreased their target price on CyberArk Software from $210.00 to $168.00 in a research report on Friday, May 13th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, CyberArk Software presently has an average rating of Moderate Buy and an average target price of $177.67.
CyberArk Software Price Performance
Shares of CYBR stock opened at $147.08 on Thursday. 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 quick ratio of 3.07, a current ratio of 2.81 and a debt-to-equity ratio of 0.86. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of -48.70 and a beta of 1.20. CyberArk Software has a 12 month low of $100.35 and a 12 month high of $201.68.
CyberArk Software (NASDAQ:CYBR – Get Rating) last announced its quarterly earnings data on Wednesday, August 10th. The technology company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.03. The firm had revenue of $142.33 million during the quarter, compared to analyst estimates of $138.45 million. CyberArk Software had a negative return on equity of 15.42% and a negative net margin of 22.37%. The company’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the company earned ($0.45) earnings per share. Research analysts expect that CyberArk Software will post -3.61 EPS for the current year.
Institutional Investors Weigh In On CyberArk Software
Institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its stake in CyberArk Software by 29.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,929 shares of the technology company’s stock valued at $1,338,000 after acquiring an additional 1,822 shares in the last quarter. Praesidium Investment Management Company LLC bought a new stake in shares of CyberArk Software during the 4th quarter worth approximately $17,046,000. Blair William & Co. IL raised its stake in shares of CyberArk Software by 1.3% during the 4th quarter. Blair William & Co. IL now owns 13,554 shares of the technology company’s stock worth $2,349,000 after purchasing an additional 171 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of CyberArk Software by 8.9% during the 4th quarter. Public Sector Pension Investment Board now owns 19,675 shares of the technology company’s stock worth $3,409,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Gamble Jones Investment Counsel raised its stake in shares of CyberArk Software by 2.4% during the 4th quarter. Gamble Jones Investment Counsel now owns 50,778 shares of the technology company’s stock worth $8,799,000 after purchasing an additional 1,167 shares in the last quarter. Institutional investors 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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