CyberArk Software Ltd. (CYBR) Earns Sector Weight Rating from Analysts at Pacific Crest
A number of other analysts have also weighed in on CYBR. Imperial Capital upped their price objective on shares of CyberArk Software from $41.00 to $45.00 and gave the stock an in-line rating in a research note on Thursday, May 19th. JPMorgan Chase & Co. reaffirmed a buy rating and issued a $48.00 price objective on shares of CyberArk Software in a research note on Sunday, May 29th. Barclays PLC decreased their price target on shares of CyberArk Software from $67.00 to $52.00 and set an equal weight rating for the company in a research report on Wednesday, June 1st. TheStreet raised shares of CyberArk Software from a sell rating to a hold rating in a research report on Friday, June 10th. Finally, Vetr raised shares of CyberArk Software from a buy rating to a strong-buy rating and set a $69.81 price target for the company in a research report on Tuesday, June 14th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $57.97.
Shares of CyberArk Software (NASDAQ:CYBR) opened at 50.02 on Thursday. CyberArk Software has a 12 month low of $31.50 and a 12 month high of $59.28. The firm has a 50 day moving average price of $54.03 and a 200-day moving average price of $46.94. The firm has a market cap of $1.48 billion, a PE ratio of 65.13 and a beta of 2.90.
CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.09. CyberArk Software had a net margin of 14.55% and a return on equity of 12.54%. The company earned $50.40 million during the quarter, compared to analyst estimates of $48.25 million. During the same period in the prior year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was up 38.6% compared to the same quarter last year. On average, analysts predict that CyberArk Software will post $1.07 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of CYBR. Societe Generale bought a new position in CyberArk Software during the second quarter valued at approximately $126,000. SG Americas Securities LLC bought a new position in CyberArk Software during the second quarter valued at approximately $126,000. Public Employees Retirement Association of Colorado bought a new position in CyberArk Software during the second quarter valued at approximately $136,000. Springbok Capital Management LLC bought a new position in CyberArk Software during the first quarter valued at approximately $168,000. Finally, Royal Bank of Canada raised its position in CyberArk Software by 1.3% in the first quarter. Royal Bank of Canada now owns 5,730 shares of the company’s stock valued at $244,000 after buying an additional 72 shares in the last quarter. Institutional investors and hedge funds own 70.11% of the company’s stock.
About CyberArk Software
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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