CYBR has been the topic of several other research reports. JPMorgan Chase & Co. reiterated a buy rating and set a $48.00 price objective on shares of CyberArk Software in a report on Sunday, May 29th. Barclays PLC dropped their price objective on shares of CyberArk Software from $67.00 to $52.00 and set an equal weight rating on the stock in a report on Wednesday, June 1st. TheStreet upgraded shares of CyberArk Software from a sell rating to a hold rating in a report on Friday, June 10th. Summit Research reiterated a buy rating on shares of CyberArk Software in a report on Wednesday, June 29th. Finally, Imperial Capital upped their price objective on shares of CyberArk Software from $41.00 to $45.00 and gave the company an in-line rating in a report on Thursday, May 19th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $57.97.
CyberArk Software (NASDAQ:CYBR) opened at 50.02 on Thursday. CyberArk Software has a 12-month low of $31.50 and a 12-month high of $59.28. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 65.13 and a beta of 2.90. The stock’s 50 day moving average price is $54.03 and its 200 day moving average price is $46.94.
CyberArk Software (NASDAQ:CYBR) last released its earnings results on Tuesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.09. The business had revenue of $50.40 million for the quarter, compared to analyst estimates of $48.25 million. CyberArk Software had a net margin of 14.55% and a return on equity of 12.54%. CyberArk Software’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. Analysts forecast that CyberArk Software will post $1.07 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Societe Generale bought a new position in CyberArk Software during the second quarter worth $126,000. SG Americas Securities LLC acquired a new stake in shares of CyberArk Software during the second quarter worth approximately $126,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of CyberArk Software during the second quarter worth approximately $136,000. Springbok Capital Management LLC acquired a new stake in shares of CyberArk Software during the first quarter worth approximately $168,000. Finally, Royal Bank of Canada boosted its stake in shares of CyberArk Software by 1.3% in the first quarter. Royal Bank of Canada now owns 5,730 shares of the company’s stock worth $244,000 after buying an additional 72 shares during the last quarter. 70.11% of the stock is owned by hedge funds and other institutional investors.
CyberArk Software Company Profile
CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.
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