Cyberark Software (NASDAQ:CYBR) had its price objective lifted by investment analysts at Wedbush to $140.00 in a report released on Friday. The brokerage presently has an “outperform” rating on the technology company’s stock. Wedbush’s price objective indicates a potential upside of 23.69% from the company’s current price.
CYBR has been the topic of several other research reports. Zacks Investment Research cut Cyberark Software from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Deutsche Bank raised Cyberark Software from a “hold” rating to a “buy” rating in a report on Wednesday, December 26th. Guggenheim assumed coverage on Cyberark Software in a report on Monday, December 10th. They issued a “buy” rating and a $86.00 price target on the stock. BidaskClub raised Cyberark Software from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 2nd. Finally, Goldman Sachs Group cut Cyberark Software from a “buy” rating to a “neutral” rating and lowered their price target for the company from $86.00 to $78.00 in a report on Friday, January 4th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $88.81.
Shares of NASDAQ:CYBR traded down $4.39 on Friday, hitting $113.19. The company’s stock had a trading volume of 1,071,563 shares, compared to its average volume of 781,403. Cyberark Software has a 1 year low of $48.60 and a 1 year high of $117.98. The stock has a market cap of $4.17 billion, a P/E ratio of 79.15, a PEG ratio of 4.98 and a beta of 1.87.
Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 14th. The technology company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.30. Cyberark Software had a return on equity of 12.24% and a net margin of 13.72%. The firm had revenue of $109.10 million for the quarter, compared to analysts’ expectations of $95.94 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue was up 35.7% compared to the same quarter last year. As a group, equities analysts expect that Cyberark Software will post 1.11 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its stake in Cyberark Software by 265.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 13,808 shares of the technology company’s stock worth $1,092,000 after purchasing an additional 10,031 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Cyberark Software in the 3rd quarter worth approximately $312,000. Commonwealth Equity Services LLC increased its stake in Cyberark Software by 5.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 18,697 shares of the technology company’s stock worth $1,492,000 after purchasing an additional 1,017 shares during the period. SG Americas Securities LLC increased its stake in Cyberark Software by 26.7% in the 3rd quarter. SG Americas Securities LLC now owns 8,638 shares of the technology company’s stock worth $690,000 after purchasing an additional 1,823 shares during the period. Finally, Prudential Financial Inc. purchased a new position in Cyberark Software in the 3rd quarter worth approximately $4,870,000. 77.35% of the stock is currently owned by institutional investors.
Cyberark Software Company Profile
CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
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