Shares of Cyberark Software Ltd (NASDAQ:CYBR) have been given an average rating of “Buy” by the twenty ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $71.60.
A number of research analysts have commented on CYBR shares. Needham & Company LLC boosted their price objective on Cyberark Software to $80.00 and gave the stock an “average” rating in a research note on Tuesday, July 17th. They noted that the move was a valuation call. TheStreet upgraded Cyberark Software from a “c+” rating to a “b-” rating in a research note on Thursday, August 9th. Dougherty & Co boosted their price objective on Cyberark Software from $64.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. UBS Group boosted their price objective on Cyberark Software from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Finally, Evercore ISI restated a “buy” rating and set a $75.00 price objective on shares of Cyberark Software in a research note on Wednesday, August 8th.
Shares of CYBR traded up $0.23 during midday trading on Friday, reaching $72.46. 28,144 shares of the company were exchanged, compared to its average volume of 462,234. The stock has a market cap of $2.59 billion, a PE ratio of 99.36, a P/E/G ratio of 4.99 and a beta of 2.07. Cyberark Software has a 1-year low of $40.62 and a 1-year high of $78.36.
Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.12. The company had revenue of $77.71 million for the quarter, compared to analysts’ expectations of $72.93 million. Cyberark Software had a return on equity of 7.67% and a net margin of 6.80%. analysts predict that Cyberark Software will post 0.76 EPS for the current year.
Several large investors have recently added to or reduced their stakes in CYBR. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Cyberark Software in the first quarter worth about $47,387,000. Acadian Asset Management LLC bought a new stake in Cyberark Software in the second quarter valued at about $38,809,000. OppenheimerFunds Inc. bought a new stake in Cyberark Software in the second quarter valued at about $38,220,000. Legal & General Group Plc grew its holdings in shares of Cyberark Software by 3,149.8% during the first quarter. Legal & General Group Plc now owns 383,903 shares of the technology company’s stock valued at $19,587,000 after purchasing an additional 372,090 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new position in shares of Cyberark Software during the second quarter valued at approximately $16,254,000. Institutional investors and hedge funds own 76.90% of the company’s stock.
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.
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