BidaskClub downgraded shares of Cyberark Software (NASDAQ:CYBR) from a strong-buy rating to a buy rating in a research note published on Friday morning.

Other analysts have also recently issued reports about the company. Guggenheim started coverage on Cyberark Software in a research report on Monday, December 10th. They issued a buy rating and a $86.00 price objective for the company. Evercore ISI reiterated a buy rating and set a $96.00 price target on shares of Cyberark Software in a research report on Sunday, November 11th. Morgan Stanley set a $95.00 price target on Cyberark Software and gave the stock a buy rating in a research report on Thursday, November 8th. Needham & Company LLC boosted their price target on Cyberark Software from $80.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, November 8th. Finally, Deutsche Bank upgraded Cyberark Software from a hold rating to a buy rating and set a $85.00 price target for the company in a research report on Thursday, December 20th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $80.80.

Shares of Cyberark Software stock traded down $0.66 on Friday, reaching $77.92. The company’s stock had a trading volume of 360,521 shares, compared to its average volume of 627,903. The stock has a market capitalization of $2.75 billion, a PE ratio of 106.74, a price-to-earnings-growth ratio of 4.94 and a beta of 1.76. Cyberark Software has a 52-week low of $41.55 and a 52-week high of $84.21.

Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.21. The business had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $78.82 million. Cyberark Software had a return on equity of 9.38% and a net margin of 8.41%. The business’s revenue was up 30.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. Equities analysts forecast that Cyberark Software will post 1.01 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC acquired a new position in Cyberark Software during the fourth quarter worth $41,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Cyberark Software by 130.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock valued at $136,000 after purchasing an additional 1,045 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Cyberark Software in the 3rd quarter valued at $149,000. Sawtooth Solutions LLC acquired a new position in shares of Cyberark Software in the 3rd quarter valued at $207,000. Finally, Winslow Evans & Crocker Inc. acquired a new position in shares of Cyberark Software in the 3rd quarter valued at $214,000. 78.15% of the stock is currently owned by institutional investors.

Cyberark Software Company Profile

CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It operates through the following geographical segments: United States; Israel; United Kingdom; Europe, the Middle East and Africa; and Other. Its products include core privileged access security, application identity and endpoint privilege manager, and Conjur.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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