CyberArk Software (NASDAQ:CYBR) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of CyberArk Software (NASDAQ:CYBR) from a strong sell rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

Several other research analysts have also recently weighed in on CYBR. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $444.00 price objective on shares of CyberArk Software in a research report on Thursday, July 31st. Wolfe Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Robert W. Baird reissued a “neutral” rating and issued a $460.00 price target on shares of CyberArk Software in a research note on Friday, August 1st. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of CyberArk Software in a research report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $455.96.

CyberArk Software Stock Down 6.4%

Shares of NASDAQ:CYBR opened at $445.05 on Wednesday. The company has a 50 day moving average price of $495.01 and a two-hundred day moving average price of $433.60. The company has a market capitalization of $22.46 billion, a PE ratio of -132.06 and a beta of 1.01. CyberArk Software has a 52 week low of $288.63 and a 52 week high of $526.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.28. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business had revenue of $342.84 million for the quarter, compared to analysts’ expectations of $328.52 million. During the same quarter in the previous year, the business posted $0.94 EPS. CyberArk Software’s revenue for the quarter was up 42.8% on a year-over-year basis. Analysts forecast that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Trading of CyberArk Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in CYBR. Sheets Smith Wealth Management increased its stake in shares of CyberArk Software by 0.7% during the 3rd quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock worth $1,518,000 after purchasing an additional 23 shares during the last quarter. Portside Wealth Group LLC increased its position in CyberArk Software by 1.1% during the third quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock worth $989,000 after buying an additional 23 shares during the last quarter. Signal Advisors Wealth LLC raised its stake in CyberArk Software by 0.6% in the third quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock valued at $1,892,000 after buying an additional 24 shares during the period. Level Four Advisory Services LLC raised its stake in CyberArk Software by 0.6% in the third quarter. Level Four Advisory Services LLC now owns 3,884 shares of the technology company’s stock valued at $1,877,000 after buying an additional 25 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of CyberArk Software by 3.6% in the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company’s stock valued at $282,000 after buying an additional 29 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

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.