BidaskClub lowered shares of Cyberark Software (NASDAQ:CYBR) from a strong-buy rating to a buy rating in a report released on Friday.
Several other brokerages have also recently commented on CYBR. Oppenheimer increased their price target on shares of Cyberark Software from $75.00 to $89.00 and gave the stock an outperform rating in a research report on Thursday, November 8th. Wedbush reaffirmed an outperform rating and set a $95.00 price target on shares of Cyberark Software in a research report on Thursday, November 8th. Morgan Stanley set a $95.00 price target on shares of Cyberark Software and gave the stock a buy rating in a research report on Thursday, November 8th. Evercore ISI reaffirmed a buy rating and set a $96.00 price target on shares of Cyberark Software in a research report on Sunday, November 11th. Finally, Zacks Investment Research raised shares of Cyberark Software from a hold rating to a buy rating and set a $82.00 price target on the stock in a research report on Tuesday, January 8th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Cyberark Software has a consensus rating of Buy and an average price target of $80.80.
NASDAQ:CYBR opened at $77.92 on Friday. Cyberark Software has a 1-year low of $41.55 and a 1-year high of $84.21. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 106.74, a PEG ratio of 4.94 and a beta of 1.76.
Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.27 by $0.21. Cyberark Software had a net margin of 8.41% and a return on equity of 9.38%. The business had revenue of $84.70 million for the quarter, compared to analysts’ expectations of $78.82 million. During the same quarter last year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 30.7% compared to the same quarter last year. As a group, equities research analysts predict that Cyberark Software will post 1.01 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new stake in Cyberark Software during the fourth quarter worth about $41,000. Confluence Investment Management LLC acquired a new stake in Cyberark Software during the fourth quarter worth about $1,043,000. Marshall Wace LLP acquired a new stake in Cyberark Software during the third quarter worth about $1,512,000. Morgan Stanley raised its stake in Cyberark Software by 180.9% during the third quarter. Morgan Stanley now owns 1,198,230 shares of the technology company’s stock worth $95,668,000 after acquiring an additional 771,727 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in Cyberark Software during the third quarter worth about $4,976,000. Hedge funds and other institutional investors own 78.15% of the company’s stock.
About Cyberark Software
CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It operates through the following geographical segments: United States; Israel; United Kingdom; Europe, the Middle East and Africa; and Other. Its products include core privileged access security, application identity and endpoint privilege manager, and Conjur.
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