CyberArk Software (NASDAQ:CYBR) Receives “Equal Weight” Rating from Barclays

Barclays reissued their equal weight rating on shares of CyberArk Software (NASDAQ:CYBR) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a $520.00 price target on the technology company’s stock, up from their previous price target of $440.00.

A number of other analysts have also recently commented on CYBR. Citizens Jmp cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. UBS Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating and upped their price target for the stock from $480.00 to $485.00 in a research report on Thursday, July 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, July 22nd. Robert W. Baird restated a “neutral” rating and issued a $460.00 price target on shares of CyberArk Software in a research report on Friday, August 1st. Finally, Wolfe Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating and twenty have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $446.46.

CyberArk Software Stock Down 2.5%

CYBR stock opened at $491.30 on Tuesday. CyberArk Software has a fifty-two week low of $271.68 and a fifty-two week high of $514.28. The business’s 50-day moving average is $461.91 and its two-hundred day moving average is $402.83. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market cap of $24.80 billion, a price-to-earnings ratio of -145.79 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.CyberArk Software’s revenue was up 46.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. As a group, analysts forecast that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Signal Advisors Wealth LLC raised its stake in shares of 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 acquiring an additional 24 shares during the period. Venturi Wealth Management LLC raised its stake 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 acquiring an additional 29 shares during the period. Prudential PLC raised its stake in shares of CyberArk Software by 2.4% in the first quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock valued at $432,000 after acquiring an additional 30 shares during the period. MAI Capital Management raised its stake in shares of CyberArk Software by 1.1% in the first quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock valued at $932,000 after acquiring an additional 31 shares during the period. Finally, NewSquare Capital LLC raised its stake in shares of CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

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.