CyberArk Software’s (CYBR) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reiterated their buy rating on shares of CyberArk Software (NASDAQ:CYBR) in a research note issued to investors on Friday,Benzinga reports. The firm currently has a $518.00 price objective on the technology company’s stock.

CYBR has been the topic of several other reports. Zacks Research lowered CyberArk Software from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Robert W. Baird reaffirmed a “neutral” rating and issued a $460.00 price target on shares of CyberArk Software in a research note on Friday, August 1st. Guggenheim lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a research note on Thursday, July 31st. Citizens Jmp cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $444.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, CyberArk Software has a consensus rating of “Hold” and a consensus price target of $451.69.

CyberArk Software Stock Performance

CYBR traded up $1.47 during trading on Friday, reaching $503.87. 286,933 shares of the company’s stock were exchanged, compared to its average volume of 862,953. CyberArk Software has a fifty-two week low of $288.00 and a fifty-two week high of $526.19. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $490.51 and a 200 day moving average price of $424.75. The company has a market capitalization of $25.43 billion, a P/E ratio of -149.52 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $342.84 million during the quarter, compared to analysts’ expectations of $328.52 million. During the same quarter in the prior year, the company posted $0.94 EPS. The business’s revenue was up 42.8% on a year-over-year basis. As a group, analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

A number of hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC raised its stake in shares of CyberArk Software by 5,300.0% in the third quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock worth $28,000 after acquiring an additional 53 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of CyberArk Software in the second quarter valued at approximately $30,000. NewSquare Capital LLC raised its position in CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after purchasing an additional 32 shares during the last quarter. Parkside Financial Bank & Trust lifted 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 in the last quarter. Finally, AlphaCore Capital LLC bought a new position in CyberArk Software in the 2nd quarter valued at $33,000. Institutional investors own 91.84% of the company’s stock.

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.