Cyberark Software (NASDAQ:CYBR) Downgraded to “Buy” at ValuEngine

ValuEngine lowered shares of Cyberark Software (NASDAQ:CYBR) from a strong-buy rating to a buy rating in a report published on Thursday, ValuEngine reports.

Several other research analysts also recently commented on CYBR. Zacks Investment Research raised shares of Cyberark Software from a hold rating to a buy rating and set a $149.00 price objective for the company in a report on Tuesday, July 16th. Citigroup increased their price objective on shares of Cyberark Software from $111.00 to $130.00 and gave the company an outperform rating in a report on Wednesday, May 15th. Barclays increased their price objective on shares of Cyberark Software from $112.00 to $122.00 and gave the company an equal weight rating in a report on Friday, April 12th. Morgan Stanley increased their price objective on shares of Cyberark Software from $133.00 to $146.00 and gave the company an overweight rating in a report on Wednesday, May 15th. Finally, BidaskClub raised shares of Cyberark Software from a hold rating to a buy rating in a report on Saturday, July 27th. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Cyberark Software presently has an average rating of Buy and a consensus price target of $113.00.

CYBR stock traded down $4.97 during trading on Thursday, reaching $133.40. The company’s stock had a trading volume of 949,533 shares, compared to its average volume of 774,492. Cyberark Software has a 1 year low of $61.53 and a 1 year high of $148.74. The firm has a market cap of $5.22 billion, a P/E ratio of 93.29, a P/E/G ratio of 7.28 and a beta of 1.58. The company has a fifty day moving average price of $133.68.

Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings results on Tuesday, May 14th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.33. Cyberark Software had a return on equity of 12.73% and a net margin of 14.79%. The business had revenue of $95.94 million during the quarter, compared to analyst estimates of $92.42 million. During the same quarter in the prior year, the business posted $0.32 EPS. Cyberark Software’s revenue for the quarter was up 33.7% compared to the same quarter last year. Analysts anticipate that Cyberark Software will post 1.2 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in CYBR. Truvestments Capital LLC bought a new position in shares of Cyberark Software in the 2nd quarter valued at about $26,000. Advisory Services Network LLC lifted its holdings in shares of Cyberark Software by 2,490.0% in the 1st quarter. Advisory Services Network LLC now owns 259 shares of the technology company’s stock valued at $31,000 after acquiring an additional 249 shares during the last quarter. NEXT Financial Group Inc lifted its holdings in shares of Cyberark Software by 59.5% in the 2nd quarter. NEXT Financial Group Inc now owns 319 shares of the technology company’s stock valued at $41,000 after acquiring an additional 119 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Cyberark Software by 100.0% in the 1st quarter. Global Retirement Partners LLC now owns 400 shares of the technology company’s stock valued at $48,000 after acquiring an additional 200 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Cyberark Software by 910.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 505 shares of the technology company’s stock valued at $60,000 after acquiring an additional 455 shares during the last quarter. 71.68% of the stock is owned by hedge funds and other institutional investors.

Cyberark Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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