CyberArk Software (NASDAQ:CYBR – Get Rating) had its price target dropped by research analysts at Wedbush from $195.00 to $150.00 in a research note issued on Friday, The Fly reports. Wedbush’s price target suggests a potential upside of 24.48% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Morgan Stanley boosted their target price on shares of CyberArk Software from $186.00 to $191.00 and gave the company an “overweight” rating in a research note on Friday, February 11th. JMP Securities began coverage on shares of CyberArk Software in a research note on Tuesday, February 22nd. They issued a “buy” rating and a $175.00 target price on the stock. Barclays boosted their target price on shares of CyberArk Software from $190.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, February 11th. StockNews.com upgraded shares of CyberArk Software from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Guggenheim dropped their target price on shares of CyberArk Software from $225.00 to $182.00 and set a “buy” rating on the stock in a research note on Friday, February 11th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of “Buy” and an average price target of $181.11.
CyberArk Software stock opened at $120.50 on Friday. CyberArk Software has a fifty-two week low of $100.35 and a fifty-two week high of $201.68. The stock has a market cap of $4.82 billion, a PE ratio of -56.84 and a beta of 1.24. The firm’s 50-day simple moving average is $157.91 and its 200 day simple moving average is $161.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.12 and a current ratio of 3.12.
CyberArk Software (NASDAQ:CYBR – Get Rating) last released its quarterly earnings results on Thursday, May 12th. The technology company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.01. CyberArk Software had a negative net margin of 16.69% and a negative return on equity of 9.01%. The business had revenue of $127.60 million for the quarter, compared to analysts’ expectations of $130.43 million. During the same period in the previous year, the company earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, analysts predict that CyberArk Software will post -3.36 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Wasatch Advisors Inc. increased its holdings in CyberArk Software by 5.1% during the 3rd quarter. Wasatch Advisors Inc. now owns 4,012,342 shares of the technology company’s stock worth $633,228,000 after acquiring an additional 196,044 shares during the period. First Trust Advisors LP increased its holdings in CyberArk Software by 10.3% during the 4th quarter. First Trust Advisors LP now owns 1,043,584 shares of the technology company’s stock worth $180,832,000 after acquiring an additional 97,477 shares during the period. Wellington Management Group LLP increased its holdings in shares of CyberArk Software by 219.9% in the 3rd quarter. Wellington Management Group LLP now owns 993,920 shares of the technology company’s stock worth $156,860,000 after buying an additional 683,192 shares during the last quarter. American Capital Management Inc. raised its position in shares of CyberArk Software by 0.8% during the 4th quarter. American Capital Management Inc. now owns 857,682 shares of the technology company’s stock valued at $148,619,000 after buying an additional 7,085 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of CyberArk Software by 14.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 730,992 shares of the technology company’s stock valued at $115,365,000 after buying an additional 94,981 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.
About CyberArk Software (Get Rating)
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
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