CyberArk Software Ltd. (CYBR) Sees Large Volume Increase
CyberArk Software Ltd. (NASDAQ:CYBR) shares saw strong trading volume on Friday . 563,131 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 698,153 shares.The stock last traded at $51.92 and had previously closed at $50.50.
CYBR has been the subject of several recent research reports. Nomura Holdings Inc. raised shares of CyberArk Software from a “neutral” rating to a “buy” rating in a report on Monday, March 28th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $51.00 target price on shares of CyberArk Software in a research note on Friday, April 1st. Summit Research raised shares of CyberArk Software from a “hold” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $50.00 in a research note on Monday, March 14th. They noted that the move was a valuation call. Stephens initiated coverage on shares of CyberArk Software in a research note on Tuesday, April 19th. They set an “overweight” rating for the company. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $48.00 target price on shares of CyberArk Software in a research note on Saturday, May 7th. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $57.74.
The stock has a market cap of $1.53 billion and a price-to-earnings ratio of 71.02. The stock’s 50-day moving average is $46.99 and its 200-day moving average is $42.26.
CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.07. During the same period last year, the company posted $0.16 earnings per share. The business earned $46.91 million during the quarter, compared to the consensus estimate of $43.38 million. The business’s revenue was up 42.5% compared to the same quarter last year. On average, equities analysts forecast that CyberArk Software Ltd. will post $0.92 EPS for the current year.
Several large investors recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in shares of CyberArk Software by 24.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,020,569 shares of the company’s stock worth $136,350,000 after buying an additional 600,917 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $42,347,000. Century Capital Management LLC raised its stake in shares of CyberArk Software by 419.3% in the fourth quarter. Century Capital Management LLC now owns 589,684 shares of the company’s stock worth $26,618,000 after buying an additional 476,134 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in shares of CyberArk Software by 3.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 318,750 shares of the company’s stock worth $14,388,000 after buying an additional 11,960 shares during the last quarter. Finally, OppenheimerFunds Inc. acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $8,850,000.
CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.
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