Cyberark Software (NASDAQ:CYBR)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Piper Jaffray Companies in a research note issued on Wednesday, The Fly reports. They presently have a $59.00 price objective on the technology company’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 19.75% from the company’s previous close.
A number of other analysts also recently issued reports on the company. ValuEngine downgraded Cyberark Software from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research raised Cyberark Software from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Wednesday, November 8th. BidaskClub downgraded Cyberark Software from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. Monness Crespi & Hardt initiated coverage on Cyberark Software in a research report on Monday, December 18th. They issued a “neutral” rating on the stock. Finally, UBS Group raised Cyberark Software from a “neutral” rating to a “buy” rating and lifted their target price for the company from $50.00 to $58.00 in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.07.
Shares of Cyberark Software (NASDAQ:CYBR) opened at $49.27 on Wednesday. Cyberark Software has a 12 month low of $39.34 and a 12 month high of $55.63. The stock has a market capitalization of $1,728.74, a PE ratio of 109.49, a price-to-earnings-growth ratio of 5.75 and a beta of 2.12.
Cyberark Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 15th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $80.37 million for the quarter, compared to the consensus estimate of $75.62 million. Cyberark Software had a return on equity of 6.88% and a net margin of 6.12%. Cyberark Software’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. equities research analysts anticipate that Cyberark Software will post 0.54 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. ArrowMark Colorado Holdings LLC grew its holdings in Cyberark Software by 18.1% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,389,765 shares of the technology company’s stock worth $57,522,000 after purchasing an additional 213,302 shares during the period. Epoch Investment Partners Inc. grew its holdings in Cyberark Software by 38.4% during the third quarter. Epoch Investment Partners Inc. now owns 1,030,479 shares of the technology company’s stock worth $42,250,000 after purchasing an additional 285,841 shares during the period. American Capital Management Inc. grew its holdings in Cyberark Software by 8.6% during the fourth quarter. American Capital Management Inc. now owns 979,555 shares of the technology company’s stock worth $40,544,000 after purchasing an additional 77,330 shares during the period. Alyeska Investment Group L.P. bought a new position in Cyberark Software during the third quarter worth about $33,626,000. Finally, BlackRock Inc. grew its holdings in Cyberark Software by 11.3% during the fourth quarter. BlackRock Inc. now owns 469,286 shares of the technology company’s stock worth $19,423,000 after purchasing an additional 47,568 shares during the period. Institutional investors and hedge funds own 75.46% of the company’s stock.
Cyberark Software Company Profile
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.