Several other research firms have also issued reports on CYBR. Mizuho set a $145.00 price objective on shares of Cyberark Software and gave the stock a buy rating in a research report on Wednesday, August 7th. Berenberg Bank started coverage on shares of Cyberark Software in a research report on Friday, May 31st. They issued a buy rating and a $155.00 price objective for the company. Dougherty & Co raised their price target on shares of Cyberark Software from $140.00 to $145.00 and gave the company a buy rating in a report on Thursday, August 8th. Morgan Stanley raised their price target on shares of Cyberark Software from $146.00 to $149.00 and gave the company an overweight rating in a report on Thursday, August 8th. Finally, Evercore ISI set a $140.00 price target on shares of Cyberark Software and gave the company a buy rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $126.25.
Shares of NASDAQ CYBR opened at $98.69 on Friday. Cyberark Software has a 12-month low of $64.66 and a 12-month high of $148.74. The company has a market capitalization of $3.72 billion, a PE ratio of 69.01, a price-to-earnings-growth ratio of 4.88 and a beta of 1.64. The firm’s 50-day moving average is $110.80 and its two-hundred day moving average is $122.79.
Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $100.18 million for the quarter, compared to the consensus estimate of $97.35 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. As a group, equities research analysts expect that Cyberark Software will post 1.29 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the business. River & Mercantile Asset Management LLP acquired a new position in shares of Cyberark Software in the 2nd quarter worth approximately $3,202,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Cyberark Software in the 2nd quarter worth approximately $1,598,000. Mackenzie Financial Corp grew its stake in shares of Cyberark Software by 233.2% in the 2nd quarter. Mackenzie Financial Corp now owns 7,884 shares of the technology company’s stock worth $1,008,000 after purchasing an additional 5,518 shares during the last quarter. Gamble Jones Investment Counsel grew its stake in shares of Cyberark Software by 3.3% in the 2nd quarter. Gamble Jones Investment Counsel now owns 22,752 shares of the technology company’s stock worth $2,909,000 after purchasing an additional 720 shares during the last quarter. Finally, Cresset Asset Management LLC grew its stake in shares of Cyberark Software by 27.6% in the 2nd quarter. Cresset Asset Management LLC now owns 3,015 shares of the technology company’s stock worth $385,000 after purchasing an additional 653 shares during the last quarter. Institutional investors own 74.65% of the company’s stock.
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.
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