Cowen began coverage on shares of CyberArk Software (NASDAQ:CYBR – Get Rating) in a research report report published on Thursday, Marketbeat.com reports. The brokerage issued an outperform rating and a $195.00 price objective on the technology company's stock.
Other analysts have also recently issued research reports about the company. Cowen began coverage on CyberArk Software in a research report on Thursday. They set an outperform rating for the company. The Goldman Sachs Group lifted their price objective on CyberArk Software from $158.00 to $175.00 and gave the company a neutral rating in a research report on Thursday, August 11th. Wedbush lifted their price objective on CyberArk Software from $150.00 to $170.00 and gave the company an outperform rating in a research report on Thursday, August 11th. Needham & Company LLC lifted their price objective on CyberArk Software from $195.00 to $200.00 and gave the company a buy rating in a research report on Thursday, August 11th. Finally, KeyCorp lifted their price objective on CyberArk Software from $160.00 to $184.00 and gave the company an overweight rating in a research report on Thursday, August 11th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, CyberArk Software presently has an average rating of Moderate Buy and a consensus target price of $178.15.
Get CyberArk Software alerts:CyberArk Software Stock Performance
Shares of CyberArk Software stock opened at $149.16 on Thursday. The stock has a market cap of $6.07 billion, a PE ratio of -49.39 and a beta of 1.15. The business has a fifty day simple moving average of $144.77 and a 200-day simple moving average of $145.27. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.86. CyberArk Software has a 12 month low of $100.35 and a 12 month high of $201.68.
CyberArk Software (NASDAQ:CYBR – Get Rating) last issued its earnings results on Wednesday, August 10th. The technology company reported ($0.88) EPS for the quarter, topping the consensus estimate of ($0.95) by $0.07. The business had revenue of $142.33 million during the quarter, compared to analysts' expectations of $138.45 million. CyberArk Software had a negative return on equity of 15.42% and a negative net margin of 22.37%. CyberArk Software's revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.45) earnings per share. On average, sell-side analysts anticipate that CyberArk Software will post -3.65 EPS for the current fiscal year.Hedge Funds Weigh In On CyberArk Software
A number of institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. increased its stake in shares of CyberArk Software by 21.8% in the second quarter. Federated Hermes Inc. now owns 45,397 shares of the technology company's stock worth $5,809,000 after purchasing an additional 8,116 shares during the period. Private Trust Co. NA bought a new position in shares of CyberArk Software in the second quarter worth about $36,000. Prelude Capital Management LLC increased its stake in shares of CyberArk Software by 89.5% in the second quarter. Prelude Capital Management LLC now owns 4,549 shares of the technology company's stock worth $582,000 after purchasing an additional 2,148 shares during the period. Captrust Financial Advisors increased its stake in shares of CyberArk Software by 4.4% in the second quarter. Captrust Financial Advisors now owns 2,425 shares of the technology company's stock worth $310,000 after purchasing an additional 103 shares during the period. Finally, Legal & General Group Plc grew its position in CyberArk Software by 5.8% during the second quarter. Legal & General Group Plc now owns 1,114,055 shares of the technology company's stock worth $142,554,000 after buying an additional 61,334 shares in the last quarter. 88.36% of the stock is currently owned by 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.
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