Cyberark Software (NASDAQ:CYBR) had its target price reduced by stock analysts at UBS Group from $131.00 to $128.00 in a research note issued on Thursday, Stock Target Advisor reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group’s price objective would suggest a potential upside of 13.19% from the company’s previous close.

CYBR has been the topic of several other reports. Wedbush restated an “outperform” rating on shares of Cyberark Software in a research note on Wednesday. Morgan Stanley raised their price objective on Cyberark Software from $146.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Evercore ISI set a $140.00 price objective on Cyberark Software and gave the stock a “buy” rating in a research note on Monday. BidaskClub upgraded Cyberark Software from a “strong sell” rating to a “sell” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $163.00 price objective on shares of Cyberark Software in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $128.71.

CYBR traded up $3.68 during trading hours on Thursday, hitting $113.08. 38,623 shares of the stock were exchanged, compared to its average volume of 667,055. The stock has a 50-day simple moving average of $102.88 and a 200-day simple moving average of $120.09. Cyberark Software has a 12 month low of $64.66 and a 12 month high of $148.74. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 79.08, a price-to-earnings-growth ratio of 5.14 and a beta of 1.61.

Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. Cyberark Software had a return on equity of 13.47% and a net margin of 15.23%. The firm had revenue of $108.12 million for the quarter, compared to analysts’ expectations of $103.04 million. During the same period last year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. As a group, equities research analysts anticipate that Cyberark Software will post 1.29 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. SeaCrest Wealth Management LLC grew its holdings in Cyberark Software by 2.3% during the second quarter. SeaCrest Wealth Management LLC now owns 3,275 shares of the technology company’s stock worth $419,000 after acquiring an additional 75 shares during the period. Cetera Advisors LLC boosted its position in shares of Cyberark Software by 1.1% in the 3rd quarter. Cetera Advisors LLC now owns 9,466 shares of the technology company’s stock valued at $946,000 after purchasing an additional 103 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in Cyberark Software by 5.5% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 2,017 shares of the technology company’s stock worth $201,000 after acquiring an additional 105 shares during the period. NEXT Financial Group Inc boosted its position in Cyberark Software by 59.5% during the 2nd quarter. NEXT Financial Group Inc now owns 319 shares of the technology company’s stock worth $41,000 after acquiring an additional 119 shares during the period. Finally, Connors Investor Services Inc. boosted its position in Cyberark Software by 0.5% during the 3rd quarter. Connors Investor Services Inc. now owns 26,430 shares of the technology company’s stock worth $2,638,000 after acquiring an additional 120 shares during the period. 74.37% of the stock is currently owned by institutional investors.

Cyberark Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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