Several other research analysts have also recently issued reports on the stock. Cowen and Company began coverage on shares of CyberArk Software in a report on Monday, September 26th. They issued a market perform rating and a $48.00 target price for the company. Wells Fargo & Co. restated a buy rating on shares of CyberArk Software in a report on Sunday, September 25th. Pacific Crest began coverage on shares of CyberArk Software in a report on Thursday, September 15th. They issued a sector weight rating for the company. Nomura upped their target price on shares of CyberArk Software from $60.00 to $62.00 and gave the company a buy rating in a report on Tuesday, September 6th. Finally, Piper Jaffray Cos. restated an overweight rating and issued a $60.00 target price (up previously from $55.00) on shares of CyberArk Software in a report on Saturday, August 13th. Eight equities 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 stock. CyberArk Software presently has an average rating of Buy and an average target price of $57.41.
Shares of CyberArk Software (NASDAQ:CYBR) opened at 49.97 on Friday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 65.07 and a beta of 2.92. CyberArk Software has a 52-week low of $31.50 and a 52-week high of $59.28. The company’s 50-day moving average is $52.67 and its 200 day moving average is $47.86.
CyberArk Software (NASDAQ:CYBR) last issued 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. CyberArk Software had a net margin of 14.55% and a return on equity of 12.54%. The business earned $50.40 million during the quarter, compared to analysts’ expectations of $48.25 million. During the same quarter in the prior year, the business posted $0.19 EPS. The company’s revenue for the quarter was up 38.6% on a year-over-year basis. On average, analysts expect that CyberArk Software will post $1.07 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. 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. Van ECK Associates Corp boosted its stake in shares of CyberArk Software by 5.1% in the second quarter. Van ECK Associates Corp now owns 7,234 shares of the company’s stock worth $352,000 after buying an additional 352 shares during the last quarter. Creative Planning boosted its stake in shares of CyberArk Software by 1.7% in the second quarter. Creative Planning now owns 24,268 shares of the company’s stock worth $1,179,000 after buying an additional 400 shares during the last quarter. United Services Automobile Association boosted its stake in shares of CyberArk Software by 8.9% in the second quarter. United Services Automobile Association now owns 6,100 shares of the company’s stock worth $296,000 after buying an additional 500 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of CyberArk Software by 15.3% in the first quarter. Geode Capital Management LLC now owns 13,026 shares of the company’s stock worth $555,000 after buying an additional 1,728 shares during the last quarter. 70.11% of the stock is currently 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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