Cyberark Software Ltd (NASDAQ:CYBR) has been assigned an average recommendation of “Buy” from the twenty-four analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $112.58.
A number of equities analysts have weighed in on the company. Wedbush boosted their price target on Cyberark Software to $140.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Citigroup boosted their price objective on Cyberark Software from $111.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. UBS Group cut Cyberark Software from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $119.00 to $132.00 in a report on Thursday, April 25th. Berenberg Bank began coverage on Cyberark Software in a report on Friday, May 31st. They set a “buy” rating and a $155.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Cyberark Software from $133.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th.
Shares of Cyberark Software stock traded down $2.29 during trading on Tuesday, reaching $124.83. The stock had a trading volume of 668,700 shares, compared to its average volume of 938,095. The company has a market cap of $4.80 billion, a P/E ratio of 87.29, a price-to-earnings-growth ratio of 6.64 and a beta of 1.72. The business’s fifty day simple moving average is $129.48. Cyberark Software has a 52 week low of $59.02 and a 52 week high of $138.73.
Cyberark Software (NASDAQ:CYBR) last released its earnings results on Tuesday, May 14th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.33. The business had revenue of $95.94 million for the quarter, compared to the consensus estimate of $92.42 million. Cyberark Software had a return on equity of 12.73% and a net margin of 14.79%. Cyberark Software’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. Equities research analysts predict that Cyberark Software will post 1.2 EPS for the current year.
Large investors have recently made changes to their positions in the company. FMR LLC grew its holdings in Cyberark Software by 196.8% during the 1st quarter. FMR LLC now owns 142,217 shares of the technology company’s stock worth $16,931,000 after acquiring an additional 94,307 shares during the period. Dixon Hubard Feinour & Brown Inc. VA bought a new position in shares of Cyberark Software during the 1st quarter worth about $533,000. Nordea Investment Management AB boosted its position in shares of Cyberark Software by 0.4% during the 1st quarter. Nordea Investment Management AB now owns 65,940 shares of the technology company’s stock worth $7,850,000 after purchasing an additional 279 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Cyberark Software by 2,490.0% during the 1st quarter. Advisory Services Network LLC now owns 259 shares of the technology company’s stock worth $31,000 after purchasing an additional 249 shares in the last quarter. Finally, Cerebellum GP LLC boosted its position in shares of Cyberark Software by 416.9% during the 1st quarter. Cerebellum GP LLC now owns 2,879 shares of the technology company’s stock worth $343,000 after purchasing an additional 2,322 shares in the last quarter. Institutional investors own 71.99% of the company’s stock.
About Cyberark Software
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.
Further Reading: Sell-Side Analysts
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