CyberArk Software Ltd. (CYBR) Given Neutral Rating at Goldman Sachs Group Inc.
CYBR has been the subject of a number of other research reports. Nomura lifted their price target on CyberArk Software from $55.00 to $60.00 and gave the company a buy rating in a research report on Wednesday, August 10th. Oppenheimer Holdings Inc. reiterated an outperform rating and set a $60.00 price target on shares of CyberArk Software in a research report on Thursday, August 11th. William Blair reiterated an outperform rating on shares of CyberArk Software in a research report on Wednesday, August 10th. Wells Fargo & Co. reiterated a buy rating on shares of CyberArk Software in a research report on Sunday, September 25th. Finally, Imperial Capital lifted their price target on CyberArk Software from $45.00 to $55.00 and gave the company an in-line rating in a research report on Thursday, August 11th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. CyberArk Software has a consensus rating of Buy and a consensus target price of $57.41.
Shares of CyberArk Software (NASDAQ:CYBR) opened at 49.875 on Friday. CyberArk Software has a 52-week low of $31.50 and a 52-week high of $59.28. The firm has a market cap of $1.48 billion, a P/E ratio of 64.941 and a beta of 2.92. The firm’s 50-day moving average is $52.82 and its 200-day moving average is $47.59.
CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.09. The firm earned $50.40 million during the quarter, compared to the consensus estimate of $48.25 million. CyberArk Software had a return on equity of 12.54% and a net margin of 14.55%. The company’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. Analysts anticipate that CyberArk Software will post $1.07 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Societe Generale purchased a new stake in shares of CyberArk Software during the second quarter valued at $126,000. SG Americas Securities LLC purchased a new stake in shares of CyberArk Software during the second quarter valued at $126,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of CyberArk Software during the second quarter valued at $136,000. Springbok Capital Management LLC purchased a new stake in shares of CyberArk Software during the first quarter valued at $168,000. Finally, Royal Bank of Canada boosted its stake in shares of 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 during the last quarter. 70.11% of the stock is currently owned by institutional investors.
CyberArk Software Company Profile
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.
Receive News & Ratings for CyberArk Software Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.