CyberArk Software Ltd. (CYBR) Sees Large Volume Increase
CyberArk Software Ltd. (NASDAQ:CYBR) saw strong trading volume on Friday . 563,131 shares traded hands during 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.
A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a “buy” rating and set a $48.00 price objective on shares of CyberArk Software in a research note on Sunday, May 29th. DA Davidson restated a “neutral” rating and set a $51.00 target price (up previously from $42.00) on shares of CyberArk Software in a report on Friday. Summit Research restated a “buy” rating on shares of CyberArk Software in a report on Wednesday, June 29th. Imperial Capital upped their target price on CyberArk Software from $41.00 to $45.00 and gave the company an “in-line” rating in a report on Thursday, May 19th. Finally, Barclays PLC decreased their target price on CyberArk Software from $67.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, June 1st. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $57.74.
The company has a market cap of $1.53 billion and a PE ratio of 71.02. The company has a 50 day moving average price of $46.99 and a 200-day moving average price of $42.26.
CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.07. During the same quarter in the previous year, the firm earned $0.16 EPS. The business had revenue of $46.91 million for the quarter, compared to analysts’ expectations of $43.38 million. CyberArk Software’s revenue was up 42.5% compared to the same quarter last year. Equities analysts anticipate that CyberArk Software Ltd. will post $0.92 EPS for the current year.
A number of institutional investors have bought and sold shares of CYBR. Stephens Investment Management Group LLC boosted its position in 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. Redwood Investments LLC boosted its position in CyberArk Software by 57.5% in the fourth quarter. Redwood Investments LLC now owns 36,388 shares of the company’s stock worth $1,643,000 after buying an additional 13,290 shares during the last quarter. Marshall Wace LLP boosted its position in CyberArk Software by 56.8% in the fourth quarter. Marshall Wace LLP now owns 47,173 shares of the company’s stock worth $2,129,000 after buying an additional 17,095 shares during the last quarter. Century Capital Management LLC boosted its position in 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. Finally, Wells Fargo & Company MN boosted its position in 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.
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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