CyberArk Software (NASDAQ:CYBR) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

CyberArk Software (NASDAQ:CYBR) posted its quarterly earnings results on Thursday. The technology company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20, Briefing.com reports. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.During the same period in the prior year, the business earned $0.80 earnings per share. The firm’s revenue was up 18.5% compared to the same quarter last year.

CyberArk Software Stock Down 0.1%

CYBR opened at $408.85 on Friday. CyberArk Software has a 12 month low of $288.63 and a 12 month high of $526.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.00 and a quick ratio of 2.14. The stock has a market cap of $20.64 billion, a P/E ratio of -139.54, a P/E/G ratio of 18.11 and a beta of 0.91. The stock’s 50 day moving average price is $442.28 and its 200 day moving average price is $460.02.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CYBR. CreativeOne Wealth LLC raised its stake in shares of CyberArk Software by 6.2% during the fourth quarter. CreativeOne Wealth LLC now owns 460 shares of the technology company’s stock valued at $205,000 after purchasing an additional 27 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of CyberArk Software by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,225 shares of the technology company’s stock worth $3,223,000 after buying an additional 32 shares in the last quarter. Quantitative Investment Management LLC lifted its stake in shares of CyberArk Software by 6.1% in the 3rd quarter. Quantitative Investment Management LLC now owns 691 shares of the technology company’s stock worth $333,000 after acquiring an additional 40 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of CyberArk Software by 1.8% in the third quarter. Mackenzie Financial Corp now owns 3,359 shares of the technology company’s stock valued at $1,623,000 after acquiring an additional 59 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of CyberArk Software by 5.3% in the fourth quarter. Empowered Funds LLC now owns 1,195 shares of the technology company’s stock valued at $533,000 after acquiring an additional 60 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a report on Monday, February 9th. Mizuho dropped their target price on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Weiss Ratings restated a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. DA Davidson boosted their price objective on shares of CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Piper Sandler set a $474.00 target price on CyberArk Software in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $459.95.

About CyberArk Software

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.