CyberArk Software (NASDAQ:CYBR) Announces Earnings Results, Beats Estimates By $0.28 EPS

CyberArk Software (NASDAQ:CYBR) posted its quarterly earnings data on Thursday. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.28, Briefing.com reports. The company had revenue of $342.84 million during the quarter, compared to analyst estimates of $328.52 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS.

CyberArk Software Stock Up 0.3%

Shares of CYBR traded up $1.47 during mid-day trading on Friday, hitting $503.87. 286,933 shares of the company’s stock were exchanged, compared to its average volume of 862,953. The stock has a market cap of $25.43 billion, a price-to-earnings ratio of -149.52 and a beta of 1.01. The firm has a fifty day moving average of $490.51 and a two-hundred day moving average of $425.47. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software has a twelve month low of $288.00 and a twelve month high of $526.19.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Rakuten Securities Inc. lifted its position in CyberArk Software by 245.6% during the 2nd quarter. Rakuten Securities Inc. now owns 197 shares of the technology company’s stock worth $80,000 after acquiring an additional 140 shares during the last quarter. ICONIQ Capital LLC bought a new position in shares of CyberArk Software in the second quarter worth about $202,000. AQR Capital Management LLC acquired a new position in shares of CyberArk Software during the 1st quarter worth about $284,000. Shay Capital LLC bought a new stake in CyberArk Software during the 2nd quarter valued at approximately $448,000. Finally, Diversify Advisory Services LLC grew its holdings in CyberArk Software by 47.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 1,930 shares of the technology company’s stock valued at $807,000 after buying an additional 624 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Robert W. Baird restated a “neutral” rating and set a $460.00 target price on shares of CyberArk Software in a report on Friday, August 1st. Canaccord Genuity Group lowered CyberArk Software from a “buy” rating to a “hold” rating and increased their price target for the company from $440.00 to $502.00 in a research report on Wednesday, October 15th. Citizens Jmp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Oppenheimer reiterated a “market perform” rating on shares of CyberArk Software in a research report on Friday, August 1st. Finally, KeyCorp downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, CyberArk Software presently has a consensus rating of “Hold” and an average price target of $451.69.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.