Cyberark Software (NASDAQ:CYBR) Lowered to “Buy” at BidaskClub

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BidaskClub cut shares of Cyberark Software (NASDAQ:CYBR) from a strong-buy rating to a buy rating in a report issued on Tuesday, September 18th.

Other analysts have also issued research reports about the company. Oppenheimer upped their price objective on Cyberark Software from $65.00 to $75.00 and gave the company an outperform rating in a report on Wednesday, August 8th. Zacks Investment Research upgraded Cyberark Software from a hold rating to a buy rating and set a $72.00 price objective for the company in a report on Tuesday, July 3rd. Stifel Nicolaus restated a buy rating and issued a $70.00 price objective on shares of Cyberark Software in a report on Thursday, August 9th. Piper Jaffray Companies upped their price objective on Cyberark Software to $90.00 and gave the company an overweight rating in a report on Monday, September 17th. Finally, Barclays upped their price objective on Cyberark Software from $66.00 to $69.00 and gave the company an equal weight rating in a report on Wednesday, August 8th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Cyberark Software has a consensus rating of Buy and an average target price of $73.25.

CYBR stock traded up $2.10 during trading on Tuesday, reaching $69.80. 506,685 shares of the company’s stock were exchanged, compared to its average volume of 469,093. Cyberark Software has a 1-year low of $40.63 and a 1-year high of $81.24. The firm has a market capitalization of $2.84 billion, a PE ratio of 95.62, a price-to-earnings-growth ratio of 5.30 and a beta of 2.06.

Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.12. Cyberark Software had a return on equity of 7.67% and a net margin of 6.80%. The company had revenue of $77.71 million during the quarter, compared to analyst estimates of $72.93 million. As a group, analysts predict that Cyberark Software will post 0.76 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Gamble Jones Investment Counsel raised its position in shares of Cyberark Software by 6.7% during the first quarter. Gamble Jones Investment Counsel now owns 25,468 shares of the technology company’s stock worth $1,299,000 after purchasing an additional 1,609 shares during the period. Macquarie Group Ltd. raised its position in shares of Cyberark Software by 5.5% during the second quarter. Macquarie Group Ltd. now owns 33,929 shares of the technology company’s stock worth $2,136,000 after purchasing an additional 1,760 shares during the period. US Bancorp DE raised its position in shares of Cyberark Software by 26.4% during the first quarter. US Bancorp DE now owns 9,628 shares of the technology company’s stock worth $492,000 after purchasing an additional 2,013 shares during the period. Carleon Capital Partners LLC raised its position in shares of Cyberark Software by 15.5% during the first quarter. Carleon Capital Partners LLC now owns 16,090 shares of the technology company’s stock worth $821,000 after purchasing an additional 2,160 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of Cyberark Software by 43.2% during the first quarter. Asset Management One Co. Ltd. now owns 7,260 shares of the technology company’s stock worth $370,000 after purchasing an additional 2,190 shares during the period. 76.90% of the stock is currently owned by institutional investors.

About Cyberark Software

CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

Further Reading: Intrinsic Value and Stock Selection

Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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