CyberArk Software (NASDAQ: CYBR – Get a rating) saw its target price raised by KeyCorp analysts from $160.00 to $184.00 in a research note released to investors on Thursday, Fly reports. The brokerage currently has an “overweight” rating on shares of the technology company. KeyCorp’s price target indicates a potential upside of 25.10% from the stock’s previous close.
Other analysts have also recently published research reports on the company. Wedbush reduced its price target on CyberArk Software from $195.00 to $150.00 in a Friday, May 13 research note. Wells Fargo & Company raised its target price on CyberArk Software from $125.00 to $145.00 and gave the company an “equal weight” rating in a report released Thursday. Mizuho raised its target price on CyberArk Software from $170.00 to $180.00 and gave the company a “buy” rating in a report on Thursday. Summit Insights lowered its target price on CyberArk Software from $225.00 to $150.00 in a Thursday, May 12 report. Finally, TheStreet downgraded CyberArk Software from a “c-” rating to a “d+” rating in a Wednesday, May 18 report. Three research analysts rated the stock with a hold rating and fourteen gave the company a buy rating. According to MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average target price of $177.67.
CyberArk Software trades up 1.0%
NASDAQ: CYBR opened at $147.08 on Thursday. The company has a debt ratio of 0.85, a quick ratio of 3.07 and a current ratio of 3.07. CyberArk Software has a one-year minimum of $100.35 and a one-year maximum of $201.68. The company’s 50-day simple moving average is $134.19 and its 200-day simple moving average is $145.12. The stock has a market capitalization of $5.99 billion, a price-earnings ratio of -48.70 and a beta of 1.20.
CyberArk Software (NASDAQ: CYBR – Get a rating) last released its quarterly results on Wednesday, August 10. The technology company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.03. CyberArk Software had a negative return on equity of 15.18% and a negative net margin of 22.37%. The company posted revenue of $142.33 million for the quarter, compared to $138.45 million expected by analysts. In the same quarter a year earlier, the company posted ($0.45) earnings per share. The company’s revenue increased by 21.4% compared to the same quarter last year. As a group, sell-side analysts expect CyberArk Software to post -3.61 earnings per share for the current fiscal year.
CyberArk Software Institutional Trade
A number of hedge funds have recently changed their holdings in the company. American International Group Inc. increased its equity stake in CyberArk Software by 7.0% during the second quarter. American International Group Inc. now owns 6,254 shares of the technology company worth $800,000 after acquiring 408 more shares last quarter. LPL Financial LLC increased its equity stake in CyberArk Software by 5.4% during the second quarter. LPL Financial LLC now owns 23,883 shares of the technology company worth $3,119,000 after acquiring an additional 1,234 shares last quarter. Fox Run Management LLC purchased a new stake in CyberArk Software stock during the second quarter at a value of $346,000. Integrated Advisors Network LLC increased its equity stake in CyberArk Software by 5.3% during the second quarter. Integrated Advisors Network LLC now owns 27,160 shares of the technology company worth $3,475,000 after acquiring 1,372 additional shares in the last quarter. Finally, CI Investments Inc. increased its equity stake in CyberArk Software by 1,125.5% during the second quarter. CI Investments Inc. now owns 1,777 shares of the technology company worth $227,000 after acquiring 1,632 additional shares in the last quarter. Hedge funds and other institutional investors hold 89.52% of the company’s shares.
About CyberArk Software
CyberArk Software Ltd., together with its subsidiaries, develops, markets and sells software-based security solutions and services in the United States, Europe, the Middle East, Africa and internationally. Its solutions include Privileged Access Manager which provides risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, simple, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces the risk of excessive privileges by implementing least privilege in cloud environments.
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