Cyberark Software (NASDAQ:CYBR) had its price target lowered by UBS Group from $128.00 to $123.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm currently has a neutral rating on the technology company’s stock.
A number of other brokerages also recently issued reports on CYBR. Guggenheim cut their price target on shares of Cyberark Software from $155.00 to $134.00 and set a buy rating for the company in a report on Thursday. Wedbush restated an outperform rating on shares of Cyberark Software in a report on Wednesday, November 6th. Piper Jaffray Companies started coverage on shares of Cyberark Software in a report on Friday, November 8th. They set a neutral rating and a $120.00 price target for the company. JPMorgan Chase & Co. restated a buy rating and set a $163.00 price target on shares of Cyberark Software in a report on Thursday, November 7th. Finally, Evercore ISI set a $140.00 price target on shares of Cyberark Software and gave the stock a buy rating in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Cyberark Software has a consensus rating of Buy and an average target price of $138.90.
CYBR stock traded up $0.74 during mid-day trading on Thursday, reaching $118.94. The company’s stock had a trading volume of 952,269 shares, compared to its average volume of 905,140. The company’s 50 day moving average is $133.14 and its two-hundred day moving average is $118.10. The stock has a market cap of $5.25 billion, a PE ratio of 68.75, a P/E/G ratio of 5.59 and a beta of 1.50. Cyberark Software has a fifty-two week low of $94.30 and a fifty-two week high of $148.74.
Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.16. The business had revenue of $129.66 million during the quarter, compared to the consensus estimate of $126.67 million. Cyberark Software had a net margin of 16.09% and a return on equity of 12.94%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 EPS. On average, research analysts forecast that Cyberark Software will post 1.56 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Cyberark Software by 196.8% in the 1st quarter. FMR LLC now owns 142,217 shares of the technology company’s stock worth $16,931,000 after buying an additional 94,307 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Cyberark Software by 102.1% in the 2nd quarter. Vanguard Group Inc. now owns 74,911 shares of the technology company’s stock worth $9,577,000 after buying an additional 37,848 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in shares of Cyberark Software by 5.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 2,017 shares of the technology company’s stock worth $201,000 after buying an additional 105 shares during the last quarter. Founders Financial Securities LLC boosted its stake in shares of Cyberark Software by 4.3% in the 3rd quarter. Founders Financial Securities LLC now owns 3,908 shares of the technology company’s stock worth $390,000 after buying an additional 160 shares during the last quarter. Finally, Strategic Advisors LLC purchased a new position in shares of Cyberark Software in the 3rd quarter worth $477,000. 79.49% 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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