Other analysts have also issued reports about the company. Barclays decreased their price objective on Cyberark Software from $140.00 to $119.00 and set an equal weight rating on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. reiterated a buy rating and set a $163.00 target price on shares of Cyberark Software in a research report on Thursday, November 7th. Needham & Company LLC reissued a buy rating and set a $145.00 price objective on shares of Cyberark Software in a research note on Wednesday, November 6th. Cowen began coverage on Cyberark Software in a research report on Wednesday, August 21st. They set an outperform rating and a $145.00 price target on the stock. Finally, Evercore ISI set a $140.00 price target on shares of Cyberark Software and gave the company a buy rating in a research note on Monday, November 4th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Cyberark Software presently has a consensus rating of Buy and a consensus price target of $132.68.
CYBR stock traded up $3.70 during midday trading on Friday, hitting $126.35. The company’s stock had a trading volume of 669,393 shares, compared to its average volume of 514,315. The stock’s 50-day moving average price is $114.55 and its 200 day moving average price is $118.61. Cyberark Software has a 1 year low of $65.90 and a 1 year high of $148.74. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 88.36, a PEG ratio of 4.59 and a beta of 1.63.
Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. Cyberark Software had a return on equity of 12.94% and a net margin of 16.09%. The business had revenue of $108.12 million for the quarter, compared to analysts’ expectations of $103.04 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business’s revenue was up 27.7% on a year-over-year basis. Research analysts expect that Cyberark Software will post 1.56 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CYBR. FMR LLC grew its holdings in Cyberark Software by 196.8% during the 1st quarter. FMR LLC now owns 142,217 shares of the technology company’s stock valued at $16,931,000 after purchasing an additional 94,307 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cyberark Software by 14.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,469 shares of the technology company’s stock valued at $2,617,000 after buying an additional 2,619 shares during the period. BNP Paribas Arbitrage SA lifted its position in Cyberark Software by 41.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,619 shares of the technology company’s stock worth $1,869,000 after buying an additional 4,315 shares in the last quarter. Aperio Group LLC raised its holdings in Cyberark Software by 1,125.7% during the 2nd quarter. Aperio Group LLC now owns 23,975 shares of the technology company’s stock worth $3,065,000 after purchasing an additional 22,019 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in Cyberark Software during the 2nd quarter worth approximately $562,000. 79.50% of the stock is owned by institutional investors and hedge funds.
About Cyberark Software
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.
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