Cyberark Software (NASDAQ:CYBR) Stock Rating Lowered by ValuEngine

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Cyberark Software (NASDAQ:CYBR) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, ValuEngine reports.

A number of other research firms also recently issued reports on CYBR. Cowen initiated coverage on shares of Cyberark Software in a research note on Wednesday, August 21st. They set an “outperform” rating and a $145.00 price objective on the stock. Zacks Investment Research upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research note on Tuesday, August 13th. Berenberg Bank started coverage on shares of Cyberark Software in a research note on Friday, May 31st. They issued a “buy” rating and a $155.00 target price for the company. JPMorgan Chase & Co. set a $160.00 target price on shares of Cyberark Software and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Dougherty & Co raised their target price on shares of Cyberark Software from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Cyberark Software has an average rating of “Buy” and an average price target of $124.52.

Shares of NASDAQ CYBR traded down $0.18 during midday trading on Tuesday, reaching $99.34. 35,690 shares of the company’s stock traded hands, compared to its average volume of 905,174. The stock’s 50 day simple moving average is $121.33 and its 200-day simple moving average is $123.18. Cyberark Software has a one year low of $64.66 and a one year high of $148.74. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 69.57, a P/E/G ratio of 5.27 and a beta of 1.64.

Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.34. Cyberark Software had a net margin of 15.23% and a return on equity of 13.47%. The firm had revenue of $100.18 million for the quarter, compared to the consensus estimate of $97.35 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 28.9% on a year-over-year basis. Equities analysts predict that Cyberark Software will post 1.29 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Axiom International Investors LLC DE raised its holdings in shares of Cyberark Software by 115.0% in the second quarter. Axiom International Investors LLC DE now owns 751,735 shares of the technology company’s stock worth $96,102,000 after buying an additional 402,100 shares during the last quarter. Manning & Napier Group LLC raised its holdings in shares of Cyberark Software by 6.6% in the second quarter. Manning & Napier Group LLC now owns 72,375 shares of the technology company’s stock worth $9,252,000 after buying an additional 4,475 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Cyberark Software by 51.1% in the first quarter. CIBC Private Wealth Group LLC now owns 10,090 shares of the technology company’s stock worth $1,201,000 after buying an additional 3,414 shares during the last quarter. National Asset Management Inc. raised its holdings in shares of Cyberark Software by 64.9% in the second quarter. National Asset Management Inc. now owns 2,771 shares of the technology company’s stock worth $355,000 after buying an additional 1,091 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of Cyberark Software by 57.9% in the second quarter. Comerica Bank now owns 3,255 shares of the technology company’s stock worth $458,000 after buying an additional 1,193 shares during the last quarter. 76.60% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Exchange-Traded Funds (ETFs)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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