Cyberark Software (NASDAQ:CYBR) was downgraded by stock analysts at First Analysis from a “strong-buy” rating to an “outperform” rating in a report released on Tuesday, MarketBeat.com reports. They currently have a $154.00 target price on the technology company’s stock, up from their previous target price of $143.00. First Analysis’ target price suggests a potential upside of 11.70% from the company’s current price.
Several other research analysts have also recently weighed in on the stock. Barclays dropped their price objective on shares of Cyberark Software from $140.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. BidaskClub upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating in a research report on Saturday, January 11th. Evercore ISI set a $140.00 price objective on shares of Cyberark Software and gave the stock a “buy” rating in a research report on Monday, November 4th. Morgan Stanley boosted their price objective on shares of Cyberark Software from $149.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, DA Davidson assumed coverage on shares of Cyberark Software in a research report on Monday. They issued a “neutral” rating and a $125.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Cyberark Software currently has an average rating of “Buy” and a consensus target price of $139.63.
CYBR stock traded up $0.40 during trading on Tuesday, hitting $137.87. The company had a trading volume of 238,768 shares, compared to its average volume of 644,949. The firm has a 50-day moving average price of $123.06 and a 200-day moving average price of $117.69. Cyberark Software has a 12 month low of $74.86 and a 12 month high of $148.74. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 96.41, a PEG ratio of 5.48 and a beta of 1.59.
Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.18. Cyberark Software had a net margin of 16.09% and a return on equity of 12.94%. The firm had revenue of $108.12 million during the quarter, compared to analysts’ expectations of $103.04 million. During the same quarter in the previous year, the company posted $0.48 EPS. Cyberark Software’s revenue was up 27.7% on a year-over-year basis. Equities research analysts predict that Cyberark Software will post 1.56 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the business. Lenox Wealth Advisors LLC acquired a new position in shares of Cyberark Software in the 4th quarter valued at $27,000. AdvisorNet Financial Inc acquired a new position in shares of Cyberark Software in the 3rd quarter valued at $30,000. First Quadrant L P CA acquired a new position in shares of Cyberark Software in the 3rd quarter valued at $34,000. Quadrant Capital Group LLC acquired a new position in shares of Cyberark Software in the 3rd quarter valued at $37,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Cyberark Software in the 3rd quarter valued at $43,000. Institutional investors own 79.44% 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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