CyberArk Software Ltd. (CYBR) Given Neutral Rating at Goldman Sachs Group Inc.
CYBR has been the topic of a number of other research reports. Nomura boosted their price objective on shares of CyberArk Software from $55.00 to $60.00 and gave the stock a buy rating in a research report on Wednesday, August 10th. Oppenheimer Holdings Inc. reissued an outperform rating and issued a $60.00 price objective on shares of CyberArk Software in a research report on Thursday, August 11th. William Blair reissued an outperform rating on shares of CyberArk Software in a research report on Wednesday, August 10th. Wells Fargo & Co. restated a buy rating on shares of CyberArk Software in a report on Sunday, September 25th. Finally, Imperial Capital boosted their target price on shares of CyberArk Software from $45.00 to $55.00 and gave the stock an in-line rating in a report on Thursday, August 11th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $57.41.
Shares of CyberArk Software (NASDAQ:CYBR) opened at 49.875 on Friday. The firm has a 50-day moving average of $52.82 and a 200-day moving average of $47.59. The company has a market capitalization of $1.48 billion, a P/E ratio of 64.941 and a beta of 2.92. CyberArk Software has a one year low of $31.50 and a one year high of $59.28.
CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, topping the Zacks’ 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%. The firm’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Equities research analysts expect that CyberArk Software will post $1.07 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Westfield Capital Management Co. LP purchased a new stake in CyberArk Software during the second quarter worth $23,782,000. Jennison Associates LLC increased its stake in CyberArk Software by 181.1% in the second quarter. Jennison Associates LLC now owns 700,326 shares of the company’s stock worth $34,029,000 after buying an additional 451,202 shares in the last quarter. Marshall Wace LLP increased its stake in CyberArk Software by 203.3% in the second quarter. Marshall Wace LLP now owns 443,567 shares of the company’s stock worth $21,553,000 after buying an additional 297,325 shares in the last quarter. Ameriprise Financial Inc. increased its stake in CyberArk Software by 54.3% in the second quarter. Ameriprise Financial Inc. now owns 818,094 shares of the company’s stock worth $39,751,000 after buying an additional 287,789 shares in the last quarter. Finally, Norges Bank purchased a new stake in CyberArk Software during the fourth quarter worth $8,511,000. 70.11% of the stock is owned by institutional investors and hedge funds.
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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