Brokers Set Expectations for CyberArk Software Ltd.’s FY2024 Earnings (NASDAQ:CYBR)

CyberArk Software Ltd. (NASDAQ:CYBR) – Equities research analysts at Zacks Research dropped their FY2024 earnings estimates for CyberArk Software in a report issued on Monday, April 29th. Zacks Research analyst A. Bhagat now anticipates that the technology company will post earnings of ($1.86) per share for the year, down from their previous estimate of ($1.85). The consensus estimate for CyberArk Software’s current full-year earnings is ($1.46) per share. Zacks Research also issued estimates for CyberArk Software’s Q2 2025 earnings at ($0.46) EPS and FY2026 earnings at ($0.58) EPS.

A number of other equities research analysts have also recently issued reports on CYBR. Susquehanna boosted their price objective on CyberArk Software from $255.00 to $310.00 and gave the company a “positive” rating in a research note on Friday, February 9th. KeyCorp boosted their price target on shares of CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a report on Wednesday, April 17th. Finally, BTIG Research initiated coverage on CyberArk Software in a research report on Thursday, March 28th. They set a “buy” rating and a $317.00 target price on the stock. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.96.

CyberArk Software Stock Performance

CYBR opened at $237.16 on Wednesday. The firm has a market cap of $10.02 billion, a P/E ratio of -146.39 and a beta of 1.05. The firm has a 50-day moving average of $255.34 and a 200 day moving average of $225.39. CyberArk Software has a fifty-two week low of $120.11 and a fifty-two week high of $283.00.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The business had revenue of $223.10 million during the quarter, compared to analyst estimates of $209.65 million.

Institutional Investors Weigh In On CyberArk Software

Hedge funds have recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of CyberArk Software by 6.4% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 12,810 shares of the technology company’s stock valued at $2,098,000 after purchasing an additional 769 shares during the last quarter. Raymond James & Associates boosted its stake in shares of CyberArk Software by 37.9% in the 3rd quarter. Raymond James & Associates now owns 52,506 shares of the technology company’s stock worth $8,599,000 after buying an additional 14,418 shares during the last quarter. JB Capital LLC bought a new stake in shares of CyberArk Software in the third quarter worth $887,000. Solstein Capital LLC grew its holdings in shares of CyberArk Software by 6.2% in the third quarter. Solstein Capital LLC now owns 24,106 shares of the technology company’s stock worth $3,948,000 after acquiring an additional 1,400 shares during the period. Finally, Mackenzie Financial Corp increased its position in CyberArk Software by 4.8% during the third quarter. Mackenzie Financial Corp now owns 2,862 shares of the technology company’s stock valued at $449,000 after acquiring an additional 131 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

About CyberArk Software

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.