CyberArk Software Ltd. (NASDAQ:CYBR)‘s stock had its “buy” rating reiterated by equities research analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Friday, July 14th. They presently have a $56.00 target price on the technology company’s stock, down from their previous target price of $64.00. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 39.30% from the company’s previous close.
Several other equities research analysts also recently issued reports on the stock. Vetr downgraded shares of CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 price objective on the stock. in a research note on Monday, May 8th. Needham & Company LLC initiated coverage on shares of CyberArk Software in a research note on Tuesday, March 28th. They issued a “buy” rating and a $62.00 target price on the stock. BidaskClub cut CyberArk Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Evercore ISI reaffirmed a “buy” rating and issued a $56.00 price target (down from $60.00) on shares of CyberArk Software in a research note on Friday, July 14th. Finally, Morgan Stanley assumed coverage on CyberArk Software in a research report on Thursday, March 30th. They issued an “equal weight” rating and a $55.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. CyberArk Software has an average rating of “Hold” and an average price target of $51.17.
CyberArk Software (NASDAQ:CYBR) opened at 40.20 on Friday. CyberArk Software has a 12 month low of $39.96 and a 12 month high of $59.28. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 46.21 and a beta of 2.57. The company’s 50-day moving average is $46.15 and its 200 day moving average is $49.79.
CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. CyberArk Software had a net margin of 13.70% and a return on equity of 10.77%. The firm had revenue of $57.48 million for the quarter, compared to analyst estimates of $57.44 million. During the same quarter last year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities research analysts predict that CyberArk Software will post $1.08 earnings per share for the current year.
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Several hedge funds have recently made changes to their positions in the stock. Marshall Wace North America L.P. raised its stake in shares of CyberArk Software by 29.6% in the second quarter. Marshall Wace North America L.P. now owns 1,434,065 shares of the technology company’s stock worth $71,703,000 after buying an additional 327,794 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of CyberArk Software during the first quarter worth $56,420,000. Jennison Associates LLC increased its stake in shares of CyberArk Software by 12.8% in the second quarter. Jennison Associates LLC now owns 1,082,453 shares of the technology company’s stock worth $54,069,000 after buying an additional 122,633 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of CyberArk Software by 3.9% in the first quarter. Ameriprise Financial Inc. now owns 1,001,178 shares of the technology company’s stock worth $50,930,000 after buying an additional 37,788 shares during the last quarter. Finally, American Capital Management Inc. increased its stake in shares of CyberArk Software by 151.5% in the second quarter. American Capital Management Inc. now owns 605,200 shares of the technology company’s stock worth $30,230,000 after buying an additional 364,560 shares during the last quarter. 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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