Cowen reiterated their hold rating on shares of CyberArk (NASDAQ:CYBR) in a report released on Friday. They currently have a $55.00 price objective on the technology company’s stock.
A number of other research analysts have also recently issued reports on CYBR. Zacks Investment Research upgraded CyberArk from a sell rating to a hold rating in a research note on Tuesday, April 17th. Needham & Company LLC restated a buy rating and issued a $57.00 price target (up previously from $55.00) on shares of CyberArk in a research note on Wednesday, March 7th. BidaskClub upgraded CyberArk from a sell rating to a hold rating in a research note on Saturday, February 3rd. Bank of America upgraded CyberArk from a neutral rating to a buy rating and boosted their price target for the stock from $39.34 to $55.63 in a research note on Friday, March 9th. Finally, ValuEngine upgraded CyberArk from a sell rating to a hold rating in a research note on Tuesday, February 20th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $52.55.
Shares of NASDAQ:CYBR opened at $52.40 on Friday. The firm has a market cap of $1,864.31, a price-to-earnings ratio of 80.61, a P/E/G ratio of 5.35 and a beta of 2.03. CyberArk has a 12-month low of $39.34 and a 12-month high of $55.63.
CyberArk (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The business had revenue of $80.37 million during the quarter, compared to analysts’ expectations of $75.62 million. CyberArk had a return on equity of 6.88% and a net margin of 6.12%. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. equities research analysts forecast that CyberArk will post 0.54 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. increased its position in CyberArk by 122.5% during the third quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock valued at $174,000 after acquiring an additional 2,340 shares during the last quarter. Invictus RG purchased a new stake in CyberArk during the fourth quarter valued at $199,000. OLD National Bancorp IN purchased a new stake in CyberArk during the fourth quarter valued at $222,000. Ramsey Quantitative Systems purchased a new stake in CyberArk during the fourth quarter valued at $237,000. Finally, FDx Advisors Inc. purchased a new stake in CyberArk during the fourth quarter valued at $238,000. Institutional investors own 74.74% of the company’s stock.
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CyberArk 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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