Shares of Cyberark Software Ltd (NASDAQ:CYBR) have earned an average recommendation of “Buy” from the twenty-three brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $121.00.
CYBR has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Cyberark Software from a “hold” rating to a “sell” rating and set a $116.00 price target on the stock. in a research note on Monday, August 10th. Needham & Company LLC initiated coverage on shares of Cyberark Software in a research note on Tuesday, August 4th. They set a “hold” rating on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $120.00 price target on shares of Cyberark Software in a research note on Tuesday, August 4th. BidaskClub downgraded shares of Cyberark Software from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Guggenheim lifted their price target on shares of Cyberark Software from $115.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st.
Shares of CYBR stock opened at $98.02 on Thursday. The company’s fifty day simple moving average is $109.09 and its 200-day simple moving average is $100.56. Cyberark Software has a 52 week low of $69.50 and a 52 week high of $144.90. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 0.74. The company has a market cap of $3.74 billion, a PE ratio of 112.67, a P/E/G ratio of 21.79 and a beta of 1.18.
Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Tuesday, August 4th. The technology company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.15. Cyberark Software had a net margin of 7.55% and a return on equity of 7.48%. The business had revenue of $106.50 million for the quarter, compared to the consensus estimate of $101.24 million. During the same quarter last year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts expect that Cyberark Software will post 0.37 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Cyberark Software by 923.7% during the 1st quarter. Royal Bank of Canada now owns 1,001,506 shares of the technology company’s stock valued at $85,689,000 after buying an additional 903,674 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Cyberark Software by 71.2% during the first quarter. Franklin Resources Inc. now owns 1,581,892 shares of the technology company’s stock valued at $135,346,000 after purchasing an additional 658,114 shares during the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Cyberark Software by 57.1% during the first quarter. Wasatch Advisors Inc. now owns 1,779,354 shares of the technology company’s stock valued at $152,242,000 after purchasing an additional 646,730 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Cyberark Software during the 2nd quarter worth approximately $37,499,000. Finally, Baillie Gifford & Co. bought a new stake in shares of Cyberark Software in the 1st quarter worth approximately $30,156,000. Institutional investors own 82.84% of the company’s stock.
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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