CyberArk (NASDAQ:CYBR) has earned an average rating of “Buy” from the twenty-three analysts that are covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $58.27.
Several equities research analysts have recently commented on CYBR shares. Bank of America raised shares of CyberArk from a “neutral” rating to a “buy” rating and upped their price target for the company from $39.34 to $55.63 in a research report on Friday, March 9th. Needham & Company LLC reissued a “buy” rating and issued a $57.00 target price (up from $55.00) on shares of CyberArk in a report on Wednesday, March 7th. Piper Jaffray reissued a “buy” rating and issued a $53.00 target price on shares of CyberArk in a report on Friday, February 16th. Evercore ISI reissued a “buy” rating on shares of CyberArk in a report on Thursday, February 15th. Finally, UBS raised shares of CyberArk from a “neutral” rating to a “buy” rating and increased their target price for the stock from $50.00 to $58.00 in a report on Tuesday, February 20th.
CyberArk opened at $58.78 on Monday, according to MarketBeat Ratings. CyberArk has a 52 week low of $39.34 and a 52 week high of $59.93. The stock has a market cap of $2.09 billion, a PE ratio of 80.52, a price-to-earnings-growth ratio of 4.90 and a beta of 2.03.
CyberArk (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.11. CyberArk had a net margin of 5.43% and a return on equity of 7.28%. The firm had revenue of $71.80 million during the quarter, compared to analyst estimates of $69.32 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. sell-side analysts expect that CyberArk will post 0.63 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of CYBR. Vaughan Nelson Investment Management L.P. bought a new position in CyberArk in the 1st quarter worth approximately $47,387,000. ArrowMark Colorado Holdings LLC boosted its stake in CyberArk by 18.1% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,389,765 shares of the technology company’s stock worth $57,522,000 after purchasing an additional 213,302 shares during the period. North Run Capital LP bought a new position in CyberArk in the 1st quarter worth approximately $8,852,000. Two Sigma Investments LP boosted its stake in CyberArk by 414.3% in the 4th quarter. Two Sigma Investments LP now owns 165,632 shares of the technology company’s stock worth $6,856,000 after purchasing an additional 133,428 shares during the period. Finally, Soma Equity Partners LP boosted its stake in CyberArk by 12.0% in the 1st quarter. Soma Equity Partners LP now owns 1,071,000 shares of the technology company’s stock worth $54,642,000 after purchasing an additional 115,000 shares during the period. Institutional investors and hedge funds own 74.22% of the company’s stock.
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.
Receive News & Ratings for CyberArk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk and related companies with MarketBeat.com's FREE daily email newsletter.