Cyberark Software (NASDAQ:CYBR) had its price objective raised by investment analysts at Citigroup to $85.00 in a research report issued on Thursday, The Fly reports. The firm currently has a “hold” rating on the technology company’s stock. Citigroup’s target price suggests a potential upside of 9.92% from the company’s current price.
CYBR has been the topic of several other reports. Needham & Company LLC lifted their target price on Cyberark Software to $80.00 and gave the company an “average” rating in a research note on Tuesday, July 17th. They noted that the move was a valuation call. TheStreet upgraded Cyberark Software from a “c+” rating to a “b-” rating in a research note on Thursday, August 9th. Dougherty & Co lifted their target price on Cyberark Software from $64.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. UBS Group lifted their target price on Cyberark Software from $71.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Finally, Evercore ISI reiterated a “buy” rating and issued a $75.00 target price on shares of Cyberark Software in a research note on Wednesday, August 8th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $77.78.
NASDAQ:CYBR opened at $77.33 on Thursday. The company has a market cap of $2.55 billion, a P/E ratio of 105.93, a PEG ratio of 4.77 and a beta of 2.08. Cyberark Software has a 52-week low of $40.63 and a 52-week high of $84.21.
Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.21. The firm had revenue of $84.70 million for the quarter, compared to the consensus estimate of $78.82 million. Cyberark Software had a return on equity of 9.69% and a net margin of 8.41%. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. As a group, analysts expect that Cyberark Software will post 0.76 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. Epoch Investment Partners Inc. boosted its stake in shares of Cyberark Software by 13.7% in the second quarter. Epoch Investment Partners Inc. now owns 1,485,527 shares of the technology company’s stock valued at $93,529,000 after buying an additional 178,712 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Cyberark Software by 139.2% in the third quarter. Acadian Asset Management LLC now owns 1,474,648 shares of the technology company’s stock valued at $117,737,000 after buying an additional 858,244 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Cyberark Software by 11.0% in the second quarter. Jennison Associates LLC now owns 1,189,243 shares of the technology company’s stock valued at $74,875,000 after buying an additional 117,867 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Cyberark Software by 26.7% in the second quarter. BlackRock Inc. now owns 642,976 shares of the technology company’s stock valued at $40,481,000 after buying an additional 135,332 shares in the last quarter. Finally, OppenheimerFunds Inc. purchased a new stake in shares of Cyberark Software in the second quarter valued at approximately $38,220,000. Hedge funds and other institutional investors own 77.36% of the company’s stock.
About Cyberark Software
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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