CyberArk Software (NASDAQ:CYBR – Get Rating) had its objective price upped by Wells Fargo & Company from $125.00 to $145.00 in a research note released on Thursday, The Fly reports. The firm currently has an equal weight rating on the technology company’s stock.
Other research analysts have also issued reports about the company. Stephens began coverage on CyberArk Software in a report on Wednesday, May 25th. They issued an overweight rating and a $170.00 price objective on the stock. Robert W. Baird decreased their objective price on CyberArk Software from $200.00 to $180.00 in a report on Friday, May 13th. Wedbush decreased their objective price on CyberArk Software from $195.00 to $150.00 in a report on Friday, May 13th. Stifel Nicolaus decreased their objective price on CyberArk Software from $210.00 to $168.00 in a report on Friday, May 13th. Finally, StockNews.com raised CyberArk Software from a sell rating to a hold rating in a report on Wednesday, May 25th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, CyberArk Software presently has an average rating of Moderate Buy and a consensus target price of $177.67.
CyberArk Software Stock Up 1.0 %
CYBR opened at $147.08 on Thursday. CyberArk Software has a 1-year low of $100.35 and a 1-year high of $201.68. The stock’s fifty day simple moving average is $134.19 and its 200 day simple moving average is $145.23. The company has a current ratio of 2.81, a quick ratio of 3.07 and a debt-to-equity ratio of 0.86. The stock has a market cap of $5.99 billion, a PE ratio of -48.70 and a beta of 1.20.
CyberArk Software (NASDAQ:CYBR – Get Rating) last posted its quarterly earnings results on Wednesday, August 10th. The technology company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.03. CyberArk Software had a negative return on equity of 15.42% and a negative net margin of 22.37%. The business had revenue of $142.33 million for the quarter, compared to analysts’ expectations of $138.45 million. During the same quarter in the prior year, the business earned ($0.45) EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, research analysts expect that CyberArk Software will post -3.61 earnings per share for the current year.
Institutional Trading of CyberArk Software
Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its position in shares of CyberArk Software by 14.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 630 shares of the technology company’s stock worth $81,000 after buying an additional 79 during the last quarter. Quantbot Technologies LP raised its position in CyberArk Software by 67.8% in the second quarter. Quantbot Technologies LP now owns 4,354 shares of the technology company’s stock valued at $557,000 after purchasing an additional 1,759 shares during the last quarter. Solstein Capital LLC raised its position in CyberArk Software by 183.6% in the second quarter. Solstein Capital LLC now owns 13,906 shares of the technology company’s stock valued at $1,779,000 after purchasing an additional 9,002 shares during the last quarter. Teacher Retirement System of Texas raised its position in CyberArk Software by 47.3% in the second quarter. Teacher Retirement System of Texas now owns 6,769 shares of the technology company’s stock valued at $866,000 after purchasing an additional 2,173 shares during the last quarter. Finally, American International Group Inc. raised its position in CyberArk Software by 7.0% in the second quarter. American International Group Inc. Now owns 6,254 shares of the technology company’s stock valued at $800,000 after purchasing an additional 408 during the last quarter. 89.52% of the stock is currently owned by institutional investors.
CyberArk Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
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