Cyberark Software (CYBR) Rating Reiterated by Piper Jaffray Companies

Piper Jaffray Companies restated their buy rating on shares of Cyberark Software (NASDAQ:CYBR) in a research report sent to investors on Friday morning. Piper Jaffray Companies currently has a $53.00 price target on the technology company’s stock.

CYBR has been the subject of a number of other research reports. ValuEngine lowered Cyberark Software from a hold rating to a sell rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Cyberark Software from a buy rating to a hold rating in a research report on Tuesday, January 2nd. BidaskClub lowered Cyberark Software from a buy rating to a hold rating in a research report on Tuesday, December 5th. Monness Crespi & Hardt initiated coverage on Cyberark Software in a research report on Monday, December 18th. They set a neutral rating for the company. Finally, Stifel Nicolaus restated a buy rating and set a $55.00 price objective on shares of Cyberark Software in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $49.85.

Cyberark Software (NASDAQ CYBR) opened at $47.90 on Friday. The company has a market capitalization of $1,660.00, a P/E ratio of 108.86, a PEG ratio of 3.35 and a beta of 2.45. Cyberark Software has a 12-month low of $39.34 and a 12-month high of $55.63.

Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 15th. The technology company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. Cyberark Software had a return on equity of 6.88% and a net margin of 6.12%. The company had revenue of $80.37 million during the quarter, compared to analyst estimates of $75.62 million. During the same quarter last year, the firm earned $0.41 EPS. The business’s revenue was up 24.9% on a year-over-year basis. research analysts expect that Cyberark Software will post 0.66 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. Two Sigma Investments LP boosted its position in Cyberark Software by 414.3% during the 4th quarter. Two Sigma Investments LP now owns 165,632 shares of the technology company’s stock worth $6,856,000 after acquiring an additional 133,428 shares during the period. Two Sigma Advisers LP acquired a new position in Cyberark Software during the 4th quarter worth $803,000. Goldman Sachs Group Inc. boosted its position in Cyberark Software by 7.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 40,144 shares of the technology company’s stock worth $1,662,000 after acquiring an additional 2,795 shares during the period. Jefferies Group LLC acquired a new position in Cyberark Software during the 4th quarter worth $829,000. Finally, ArrowMark Colorado Holdings LLC boosted its position in Cyberark Software by 18.1% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,389,765 shares of the technology company’s stock worth $57,522,000 after acquiring an additional 213,302 shares during the period. Institutional investors own 76.15% of the company’s stock.

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About Cyberark Software

CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.

Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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