CyberArk Software Ltd. (CYBR) Shares Down 1.1%
CyberArk Software Ltd. (NASDAQ:CYBR)’s share price fell 1.1% during mid-day trading on Tuesday . The stock traded as low as $49.87 and last traded at $52.12, with a volume of 992,529 shares trading hands. The stock had previously closed at $52.72.
Several research firms have issued reports on CYBR. Imperial Capital lifted their target price on CyberArk Software from $41.00 to $45.00 and gave the company an “in-line” rating in a research note on Thursday, May 19th. Nomura Holdings Inc. upgraded CyberArk Software from a “neutral” rating to a “buy” rating in a research note on Monday, March 28th. Barclays PLC cut their target price on CyberArk Software from $67.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 1st. DA Davidson reiterated a “neutral” rating and issued a $51.00 target price (up previously from $42.00) on shares of CyberArk Software in a research note on Friday. Finally, Goldman Sachs Group Inc. began coverage on CyberArk Software in a research note on Monday, March 21st. They issued a “buy” rating and a $51.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.74.
The company has a market capitalization of $1.57 billion and a P/E ratio of 72.88. The stock’s 50-day moving average price is $47.27 and its 200 day moving average price is $42.26.
CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.07. The company had revenue of $46.91 million for the quarter, compared to analysts’ expectations of $43.38 million. CyberArk Software’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. On average, analysts predict that CyberArk Software Ltd. will post $0.92 EPS for the current fiscal year.
A number of large investors recently modified their holdings of CYBR. Penserra Capital Management LLC bought a new stake in shares of CyberArk Software during the fourth quarter valued at $42,347,000. Wells Fargo & Company MN increased 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. Century Capital Management LLC increased 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. OppenheimerFunds Inc. acquired a new position in CyberArk Software during the fourth quarter worth approximately $8,850,000. Finally, First Trust Advisors LP increased its position in CyberArk Software by 58.2% in the fourth quarter. First Trust Advisors LP now owns 76,591 shares of the company’s stock worth $3,457,000 after buying an additional 28,175 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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