Cyberark Software Ltd (NASDAQ:CYBR) has been assigned an average rating of “Buy” from the twenty-two ratings firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $79.06.
CYBR has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of Cyberark Software from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $71.00 to $92.00 in a research report on Thursday, September 27th. Wedbush initiated coverage on shares of Cyberark Software in a research report on Thursday, October 18th. They set an “outperform” rating and a $85.00 target price for the company. Needham & Company LLC increased their target price on shares of Cyberark Software from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, November 8th. Citigroup increased their target price on shares of Cyberark Software to $85.00 and gave the stock a “hold” rating in a research report on Thursday, November 8th. Finally, BidaskClub cut shares of Cyberark Software from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 18th.
Shares of CYBR stock traded down $2.12 during mid-day trading on Friday, reaching $72.81. The company’s stock had a trading volume of 611,661 shares, compared to its average volume of 772,897. Cyberark Software has a 1-year low of $40.63 and a 1-year high of $84.21. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 99.74, a P/E/G ratio of 4.45 and a beta of 2.09.
Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.21. Cyberark Software had a net margin of 8.41% and a return on equity of 9.38%. The company had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $78.82 million. During the same quarter in the prior year, the company posted $0.25 EPS. The business’s revenue was up 30.7% on a year-over-year basis. On average, research analysts forecast that Cyberark Software will post 1.01 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale raised its holdings in Cyberark Software by 130.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock worth $136,000 after buying an additional 1,045 shares during the period. FNY Investment Advisers LLC acquired a new stake in Cyberark Software during the 3rd quarter worth approximately $149,000. Sawtooth Solutions LLC acquired a new stake in Cyberark Software during the 3rd quarter worth approximately $207,000. Winslow Evans & Crocker Inc. acquired a new stake in Cyberark Software during the 3rd quarter worth approximately $214,000. Finally, FundX Investment Group LLC acquired a new stake in Cyberark Software during the 2nd quarter worth approximately $220,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.
Cyberark Software 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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