Shares of CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) have received a consensus recommendation of "Moderate Buy" from the twenty-three ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $178.15.
A number of equities research analysts have issued reports on the stock. Cowen assumed coverage on shares of CyberArk Software in a report on Thursday. They issued an "outperform" rating and a $195.00 price target on the stock. KeyCorp lifted their target price on shares of CyberArk Software from $160.00 to $184.00 and gave the company an "overweight" rating in a research note on Thursday, August 11th. Cantor Fitzgerald assumed coverage on shares of CyberArk Software in a research note on Thursday, September 8th. They set an "overweight" rating and a $180.00 target price on the stock. Cowen assumed coverage on shares of CyberArk Software in a research note on Thursday. They set an "outperform" rating on the stock. Finally, Mizuho lifted their target price on shares of CyberArk Software from $170.00 to $180.00 and gave the company a "buy" rating in a research note on Thursday, August 11th.
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CYBR stock opened at $149.16 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.81 and a current ratio of 2.81. CyberArk Software has a 52 week low of $100.35 and a 52 week high of $201.68. The firm's fifty day moving average is $144.77 and its 200 day moving average is $145.27. The firm has a market cap of $6.07 billion, a P/E ratio of -49.39 and a beta of 1.15.
CyberArk Software (NASDAQ:CYBR – Get Rating) last released its earnings results on Wednesday, August 10th. The technology company reported ($0.88) EPS for the quarter, beating the consensus estimate of ($0.95) by $0.07. CyberArk Software had a negative net margin of 22.37% and a negative return on equity of 15.42%. The company had revenue of $142.33 million for the quarter, compared to analyst estimates of $138.45 million. During the same quarter last year, the firm earned ($0.45) EPS. The firm's quarterly revenue was up 21.4% compared to the same quarter last year. Research analysts predict that CyberArk Software will post -3.65 earnings per share for the current year.Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in CYBR. AdvisorNet Financial Inc raised its holdings in shares of CyberArk Software by 3,900.0% during the second quarter. AdvisorNet Financial Inc now owns 200 shares of the technology company's stock valued at $26,000 after purchasing an additional 195 shares during the last quarter. Parallel Advisors LLC grew its position in CyberArk Software by 77.2% during the first quarter. Parallel Advisors LLC now owns 163 shares of the technology company's stock valued at $28,000 after buying an additional 71 shares during the period. Private Trust Co. NA bought a new stake in CyberArk Software during the second quarter valued at approximately $36,000. Heritage Wealth Management LLC bought a new stake in CyberArk Software during the second quarter valued at approximately $40,000. Finally, Endurance Wealth Management Inc. bought a new stake in CyberArk Software during the first quarter valued at approximately $42,000. 88.36% of the stock is owned by hedge funds and other institutional investors.
CyberArk Software Company Profile
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CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
Further Reading
- Get a free copy of the StockNews.com research report on CyberArk Software (CYBR)
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