CyberArk Software Ltd. (NASDAQ:CYBR) was downgraded by stock analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a note issued to investors on Friday, July 14th, Marketbeat.com reports. They presently have a $45.00 target price on the technology company’s stock, down from their prior target price of $60.00. Deutsche Bank AG’s price target points to a potential upside of 11.94% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of CyberArk Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Bank of America Corporation cut shares of CyberArk Software from a “buy” rating to an “underperform” rating and reduced their target price for the company from $62.00 to $43.00 in a research note on Friday, May 12th. J P Morgan Chase & Co cut shares of CyberArk Software from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $63.00 to $45.00 in a research note on Friday, July 14th. Vetr cut shares of CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 price target for the company. in a research note on Thursday, April 27th. Finally, Evercore ISI restated an “in-line” rating and set a $60.00 price target on shares of CyberArk Software in a research note on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.17.
Shares of CyberArk Software (NASDAQ CYBR) traded down 1.25% during midday trading on Friday, hitting $40.20. The stock had a trading volume of 1,304,835 shares. The company has a market cap of $1.19 billion, a P/E ratio of 46.21 and a beta of 2.57. The stock has a 50 day moving average of $46.15 and a 200-day moving average of $49.79. CyberArk Software has a one year low of $39.96 and a one year high of $59.28.
CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company had revenue of $57.48 million for the quarter, compared to the consensus estimate of $57.44 million. CyberArk Software had a return on equity of 10.77% and a net margin of 13.70%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. Analysts forecast that CyberArk Software will post $1.08 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of CYBR. MARSHALL WACE ASIA Ltd acquired a new stake in shares of CyberArk Software during the first quarter valued at approximately $56,420,000. Marshall Wace North America L.P. acquired a new stake in shares of CyberArk Software during the first quarter valued at approximately $56,420,000. Columbia Wanger Asset Management LLC acquired a new stake in shares of CyberArk Software during the first quarter valued at approximately $30,030,000. Menora Mivtachim Holdings LTD. acquired a new stake in shares of CyberArk Software during the second quarter valued at approximately $28,313,000. Finally, Clarity Capital KCPS Ltd. purchased a new position in CyberArk Software during the first quarter valued at $22,803,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
CyberArk Software Company Profile
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.
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