DA Davidson Raises Earnings Estimates for CyberArk Software

CyberArk Software Ltd. (NASDAQ:CYBR) – Investment analysts at DA Davidson raised their FY2025 earnings estimates for CyberArk Software in a research note issued on Wednesday, May 14th. DA Davidson analyst R. Kessinger now anticipates that the technology company will post earnings of ($0.30) per share for the year, up from their previous estimate of ($0.45). DA Davidson has a “Buy” rating and a $435.00 price target on the stock. The consensus estimate for CyberArk Software’s current full-year earnings is ($0.47) per share.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%.

A number of other brokerages have also weighed in on CYBR. KeyCorp decreased their target price on CyberArk Software from $485.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Truist Financial decreased their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Stifel Nicolaus lifted their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Rosenblatt Securities reissued a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a report on Tuesday. Finally, StockNews.com cut shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and an average price target of $415.71.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $355.00 on Friday. The company has a market capitalization of $17.55 billion, a PE ratio of -182.05 and a beta of 0.99. CyberArk Software has a 52-week low of $223.41 and a 52-week high of $421.00. The business’s fifty day moving average is $343.15 and its 200 day moving average is $340.50.

Institutional Trading of CyberArk Software

A number of institutional investors have recently modified their holdings of CYBR. CHURCHILL MANAGEMENT Corp bought a new position in CyberArk Software during the 4th quarter valued at approximately $764,000. China Universal Asset Management Co. Ltd. bought a new position in shares of CyberArk Software during the fourth quarter valued at approximately $1,166,000. Spire Wealth Management lifted its stake in CyberArk Software by 236.8% in the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock worth $1,584,000 after acquiring an additional 3,344 shares during the period. Geneos Wealth Management Inc. boosted its holdings in CyberArk Software by 9.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company’s stock valued at $3,857,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in CyberArk Software by 27.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company’s stock valued at $1,363,000 after purchasing an additional 887 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.