BidaskClub lowered shares of Cyberark Software (NASDAQ:CYBR) from a buy rating to a hold rating in a report issued on Friday, BidAskClub reports.

A number of other equities analysts also recently issued reports on CYBR. Zacks Investment Research downgraded shares of Cyberark Software from a strong-buy rating to a hold rating and set a $120.00 price target for the company. in a research note on Monday, November 11th. Wedbush reaffirmed an outperform rating on shares of Cyberark Software in a research report on Wednesday, November 6th. JPMorgan Chase & Co. reaffirmed a buy rating and set a $163.00 price objective on shares of Cyberark Software in a research report on Thursday, November 7th. Morgan Stanley upped their target price on Cyberark Software from $146.00 to $149.00 and gave the stock an overweight rating in a report on Thursday, August 8th. Finally, Piper Jaffray Companies initiated coverage on Cyberark Software in a research report on Friday, November 8th. They issued a neutral rating and a $120.00 target price for the company. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $130.35.

Shares of Cyberark Software stock opened at $118.29 on Friday. Cyberark Software has a 12-month low of $65.90 and a 12-month high of $148.74. The company has a market cap of $4.46 billion, a P/E ratio of 82.72, a PEG ratio of 4.45 and a beta of 1.63. The company’s fifty day simple moving average is $111.47 and its two-hundred day simple moving average is $118.99.

Cyberark Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The firm had revenue of $108.12 million during the quarter, compared to analysts’ expectations of $103.04 million. Cyberark Software had a net margin of 16.09% and a return on equity of 12.94%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period last year, the company posted $0.48 EPS. As a group, sell-side analysts expect that Cyberark Software will post 1.56 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc bought a new position in Cyberark Software during the 3rd quarter valued at approximately $30,000. First Quadrant L P CA purchased a new position in Cyberark Software during the third quarter valued at $34,000. Quadrant Capital Group LLC bought a new stake in Cyberark Software in the third quarter worth $37,000. NEXT Financial Group Inc boosted its holdings in Cyberark Software by 59.5% in the second quarter. NEXT Financial Group Inc now owns 319 shares of the technology company’s stock worth $41,000 after acquiring an additional 119 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Cyberark Software in the third quarter worth $43,000. 79.50% of the stock is currently owned by hedge funds and other 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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