Cyberark Software (NASDAQ:CYBR) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
Several other brokerages have also issued reports on CYBR. Oppenheimer upped their target price on Cyberark Software from $75.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. Wedbush reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Cyberark Software in a research note on Thursday, November 8th. Morgan Stanley set a $95.00 target price on Cyberark Software and gave the stock a “buy” rating in a research note on Thursday, November 8th. Evercore ISI reaffirmed a “buy” rating and issued a $96.00 target price on shares of Cyberark Software in a research note on Sunday, November 11th. Finally, Piper Jaffray Companies upped their target price on Cyberark Software to $90.00 and gave the stock an “overweight” rating in a research note on Monday, September 17th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Cyberark Software currently has an average rating of “Buy” and an average price target of $78.94.
Shares of CYBR opened at $72.81 on Tuesday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 72.81, a PEG ratio of 4.32 and a beta of 2.09. 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 earnings results on Wednesday, November 7th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.21. The business had revenue of $84.70 million during the quarter, compared to analyst estimates of $78.82 million. Cyberark Software had a return on equity of 9.38% and a net margin of 8.41%. Cyberark Software’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. As a group, equities analysts expect that Cyberark Software will post 1.01 EPS for the current year.
Hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale lifted its position in Cyberark Software by 130.6% in the third 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 during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Cyberark Software during the third quarter valued at approximately $149,000. Sawtooth Solutions LLC bought a new position in shares of Cyberark Software during the third quarter valued at approximately $207,000. Winslow Evans & Crocker Inc. bought a new position in shares of Cyberark Software during the third quarter valued at approximately $214,000. Finally, Creative Planning bought a new position in shares of Cyberark Software during the third quarter valued at approximately $224,000. Hedge funds and other institutional investors own 78.83% 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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