Shares of Cyberark Software Ltd (NASDAQ:CYBR) have been given an average recommendation of “Buy” by the twenty-two research firms that are covering the firm, Marketbeat Ratings reports. Six equities 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 company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $79.06.
Several equities analysts have commented on the stock. UBS Group raised their price target on shares of Cyberark Software from $85.00 to $90.00 and gave the company a “positive” rating in a research report on Thursday. Citigroup raised their price target on shares of Cyberark Software to $85.00 and gave the company a “hold” rating in a research report on Thursday. Needham & Company LLC raised their price target on shares of Cyberark Software from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of Cyberark Software in a research report on Thursday. Finally, Morgan Stanley set a $95.00 price target on shares of Cyberark Software and gave the company a “buy” rating in a research report on Thursday.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Trexquant Investment LP raised its holdings in shares of Cyberark Software by 108.6% in the 3rd quarter. Trexquant Investment LP now owns 15,427 shares of the technology company’s stock valued at $1,232,000 after purchasing an additional 8,033 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Cyberark Software by 130.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock valued at $136,000 after purchasing an additional 1,045 shares in the last quarter. EAM Global Investors LLC acquired a new stake in shares of Cyberark Software in the 3rd quarter valued at $2,526,000. AXA acquired a new stake in shares of Cyberark Software in the 3rd quarter valued at $2,074,000. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Cyberark Software in the 3rd quarter valued at $440,000. Institutional investors and hedge funds own 77.36% of the company’s stock.
Shares of NASDAQ:CYBR traded down $2.72 during mid-day trading on Monday, reaching $74.61. 813,581 shares of the company were exchanged, compared to its average volume of 492,160. The stock has a market capitalization of $2.75 billion, a P/E ratio of 102.21, a PEG ratio of 5.14 and a beta of 2.08. Cyberark Software has a 1 year low of $40.63 and a 1 year high of $84.21.
Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.21. Cyberark Software had a net margin of 8.41% and a return on equity of 9.69%. The company had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $78.82 million. During the same quarter last year, the company posted $0.25 EPS. The firm’s revenue was up 30.7% compared to the same quarter last year. On average, equities analysts predict that Cyberark Software will post 0.8 earnings per share for the current year.
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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