CyberArk Software Ltd. (CYBR) Trading 3.5% Higher
Shares of CyberArk Software Ltd. (NASDAQ:CYBR) were up 3.5% during trading on Friday . The company traded as high as $53.20 and last traded at $53.17, with a volume of 314,298 shares traded. The stock had previously closed at $51.38.
Several analysts recently issued reports on CYBR shares. TheStreet raised shares of CyberArk Software from a “sell” rating to a “hold” rating in a research note on Friday, June 10th. Bank of America Corp. raised shares of CyberArk Software from a “neutral” rating to a “buy” rating in a research note on Friday, May 13th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $60.00 price objective on shares of CyberArk Software in a research note on Saturday, May 7th. Vetr raised shares of CyberArk Software from a “buy” rating to a “strong-buy” rating and set a $69.81 price objective for the company in a research note on Tuesday, June 14th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $51.00 price objective on shares of CyberArk Software in a research note on Friday, April 1st. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned 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 company has a 50-day moving average of $49.38 and a 200 day moving average of $42.86. The company has a market cap of $1.59 billion and a PE ratio of 73.63.
CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.07. The company earned $46.91 million during the quarter, compared to analyst estimates of $43.38 million. The firm’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same quarter last year, the business earned $0.16 EPS. Equities research analysts anticipate that CyberArk Software Ltd. will post $0.92 earnings per share for the current year.
A number of institutional investors have bought and sold shares of the stock. Bank of Montreal Can increased its position in CyberArk Software by 1.2% in the fourth quarter. Bank of Montreal Can now owns 26,300 shares of the company’s stock valued at $1,188,000 after buying an additional 300 shares during the period. Redwood Investments LLC increased 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 valued at $1,643,000 after buying an additional 13,290 shares during the period. Marshall Wace LLP increased 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 valued at $2,129,000 after buying an additional 17,095 shares during the period. 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 valued at $3,457,000 after buying an additional 28,175 shares during the period. Finally, OppenheimerFunds Inc. acquired a new position in CyberArk Software during the fourth quarter valued at $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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