CyberArk Software (NASDAQ:CYBR) Upgraded at Zacks Research

CyberArk Software (NASDAQ:CYBR) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on CYBR. Barclays reiterated an “equal weight” rating and issued a $520.00 price target (up previously from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Citizens Jmp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Piper Sandler set a $474.00 price target on shares of CyberArk Software in a research report on Wednesday, December 17th. JPMorgan Chase & Co. initiated coverage on shares of CyberArk Software in a research note on Wednesday, December 17th. They set a “neutral” rating and a $474.00 price target for the company. Finally, Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $462.63.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $460.93 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a 50 day simple moving average of $467.04 and a 200 day simple moving average of $452.31. CyberArk Software has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The firm has a market cap of $23.27 billion, a P/E ratio of -99.98, a P/E/G ratio of 21.74 and a beta of 0.92.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. The firm had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 million. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The business’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS. Sell-side analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Several large investors have recently modified their holdings of the business. Cornerstone Planning Group LLC lifted its holdings in shares of CyberArk Software by 5,300.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock valued at $28,000 after purchasing an additional 53 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in CyberArk Software by 120.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock worth $31,000 after buying an additional 35 shares during the period. Opal Wealth Advisors LLC acquired a new stake in CyberArk Software during the 2nd quarter worth approximately $30,000. NewSquare Capital LLC lifted its stake in CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after buying an additional 32 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new position in CyberArk Software in the second quarter valued at approximately $33,000. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Company Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.