Cyberark Software (NASDAQ:CYBR) had its price objective lifted by equities researchers at Needham & Company LLC from $55.00 to $57.00 in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target indicates a potential upside of 15.69% from the company’s previous close.
Several other research firms have also issued reports on CYBR. Imperial Capital reissued an “outperform” rating and set a $50.00 price target (up from $44.00) on shares of Cyberark Software in a research report on Monday, February 26th. BidaskClub raised Cyberark Software from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research lowered Cyberark Software from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. ValuEngine raised Cyberark Software from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $59.00 price target on shares of Cyberark Software in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $51.19.
Shares of Cyberark Software (NASDAQ CYBR) opened at $49.27 on Wednesday. The stock has a market capitalization of $1,728.74, a P/E ratio of 109.49, a P/E/G ratio of 5.75 and a beta of 2.12. Cyberark Software has a 52-week low of $39.34 and a 52-week high of $55.63.
Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 15th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The business had revenue of $80.37 million for the quarter, compared to analyst estimates of $75.62 million. Cyberark Software had a return on equity of 6.88% and a net margin of 6.12%. The business’s revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. research analysts anticipate that Cyberark Software will post 0.54 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Bridgecreek Investment Management LLC grew its stake in shares of Cyberark Software by 105.3% in the fourth quarter. Bridgecreek Investment Management LLC now owns 85,750 shares of the technology company’s stock worth $3,549,000 after purchasing an additional 43,975 shares in the last quarter. Fox Run Management L.L.C. grew its stake in shares of Cyberark Software by 74.3% in the fourth quarter. Fox Run Management L.L.C. now owns 14,641 shares of the technology company’s stock worth $606,000 after purchasing an additional 6,241 shares in the last quarter. Cipher Capital LP bought a new position in shares of Cyberark Software in the third quarter worth $3,184,000. Commerzbank Aktiengesellschaft FI grew its stake in shares of Cyberark Software by 5.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 63,176 shares of the technology company’s stock worth $2,590,000 after purchasing an additional 3,234 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Cyberark Software in the third quarter worth $7,159,000. 75.46% of the stock is owned by institutional investors.
About Cyberark Software
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.