CyberArk Software Ltd. (CYBR) Now Covered by Cowen and Company
Analysts at Cowen and Company started coverage on shares of CyberArk Software Ltd. (NASDAQ:CYBR) in a note issued to investors on Monday. The brokerage set a “market perform” rating and a $48.00 price target on the stock. Cowen and Company’s target price points to a potential downside of 5.73% from the stock’s current price.
Several other equities analysts have also recently issued reports on CYBR. JPMorgan Chase & Co. reiterated a “buy” rating and set a $48.00 price target on shares of CyberArk Software in a research report on Sunday, May 29th. Barclays PLC lowered their price target on CyberArk Software from $67.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 1st. TheStreet upgraded CyberArk Software from a “sell” rating to a “hold” rating in a research report on Friday, June 10th. Vetr upgraded CyberArk Software from a “buy” rating to a “strong-buy” rating and set a $69.81 price target on the stock in a research report on Tuesday, June 14th. Finally, Summit Redstone started coverage on CyberArk Software in a research report on Wednesday, June 29th. They set a “buy” rating and a $55.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. CyberArk Software currently has an average rating of “Buy” and an average price target of $57.41.
CyberArk Software (NASDAQ:CYBR) opened at 50.92 on Monday. CyberArk Software has a 1-year low of $31.50 and a 1-year high of $59.28. The company has a 50-day moving average price of $53.12 and a 200 day moving average price of $47.47. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 66.30 and a beta of 2.90.
CyberArk Software (NASDAQ:CYBR) last issued its quarterly 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 return on equity of 12.54% and a net margin of 14.55%. The company had revenue of $50.40 million for the quarter, compared to analysts’ expectations of $48.25 million. During the same period last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 38.6% on a year-over-year basis. Equities analysts anticipate that CyberArk Software will post $1.07 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Springbok Capital Management LLC bought a new position in CyberArk Software during the first quarter valued at $168,000. Brookside Capital Management LLC raised its position in CyberArk Software by 5.7% in the first quarter. Brookside Capital Management LLC now owns 1,351,571 shares of the company’s stock valued at $57,617,000 after buying an additional 73,433 shares during the period. Granahan Investment Management Inc. MA bought a new position in CyberArk Software during the first quarter valued at $3,875,000. Geode Capital Management LLC raised its position in CyberArk Software by 15.3% in the first quarter. Geode Capital Management LLC now owns 13,026 shares of the company’s stock valued at $555,000 after buying an additional 1,728 shares during the period. Finally, Quadrature Capital Ltd bought a new position in CyberArk Software during the first quarter valued at $607,000. Institutional investors own 70.11% of the company’s stock.
About CyberArk Software
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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