Other equities analysts have also recently issued reports about the stock. DA Davidson raised their target price on shares of CyberArk Software from $51.00 to $55.00 and gave the company a neutral rating in a research note on Wednesday, August 10th. Goldman Sachs Group Inc. reissued a buy rating and issued a $58.00 target price on shares of CyberArk Software in a research note on Thursday, August 11th. Nomura lifted their price objective on shares of CyberArk Software from $55.00 to $60.00 and gave the stock a buy rating in a research report on Wednesday, August 10th. Piper Jaffray Cos. reaffirmed an overweight rating and set a $60.00 price objective (up from $55.00) on shares of CyberArk Software in a research report on Saturday, August 13th. Finally, Imperial Capital lifted their price objective on shares of CyberArk Software from $45.00 to $55.00 and gave the stock an in-line rating in a research report on Thursday, August 11th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $57.41.
Shares of CyberArk Software (NASDAQ:CYBR) traded down 1.7577% during trading on Friday, hitting $45.8104. 133,481 shares of the stock were exchanged. The company has a market cap of $1.36 billion, a P/E ratio of 59.6490 and a beta of 2.92. The firm’s 50-day moving average is $51.34 and its 200 day moving average is $48.16. CyberArk Software has a 1-year low of $31.50 and a 1-year high of $59.28.
CyberArk Software (NASDAQ:CYBR) last released its earnings results on Tuesday, August 9th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.09. CyberArk Software had a net margin of 14.55% and a return on equity of 12.54%. The business earned $50.40 million during the quarter, compared to analysts’ expectations of $48.25 million. During the same period last year, the business earned $0.19 earnings per share. The firm’s revenue was up 38.6% on a year-over-year basis. Equities analysts forecast that CyberArk Software will post $1.07 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Societe Generale acquired a new position in shares of CyberArk Software during the second quarter valued at approximately $126,000. SG Americas Securities LLC acquired a new position in shares of CyberArk Software during the second quarter valued at approximately $126,000. Public Employees Retirement Association of Colorado acquired a new position in shares of CyberArk Software during the second quarter valued at approximately $136,000. Springbok Capital Management LLC acquired a new position in shares of CyberArk Software during the first quarter valued at approximately $168,000. Finally, Royal Bank of Canada increased its position in shares of CyberArk Software by 1.3% in the first quarter. Royal Bank of Canada now owns 5,730 shares of the company’s stock valued at $244,000 after buying an additional 72 shares during the last quarter. 70.01% of the stock is owned by hedge funds and other institutional investors.
CyberArk Software Company Profile
CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.
Receive News & Ratings for CyberArk Software Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.