Cyberark Software (CYBR) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Cyberark Software (NASDAQ:CYBR) from a strong-buy rating to a buy rating in a report published on Tuesday morning, BidAskClub reports.

Several other equities research analysts also recently commented on CYBR. Evercore ISI reissued a buy rating and set a $96.00 target price on shares of Cyberark Software in a research report on Wednesday, February 13th. Wedbush boosted their target price on shares of Cyberark Software from $95.00 to $130.00 and gave the stock an outperform rating in a research report on Friday, February 15th. Barclays reissued a hold rating and set a $112.00 target price on shares of Cyberark Software in a research report on Friday, February 15th. Morgan Stanley set a $126.00 target price on shares of Cyberark Software and gave the stock a buy rating in a research report on Friday, February 15th. Finally, FBN Securities started coverage on shares of Cyberark Software in a research report on Tuesday, March 19th. They set an outperform rating and a $130.00 target price for the company. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Cyberark Software presently has an average rating of Buy and a consensus price target of $107.55.

CYBR opened at $128.81 on Tuesday. Cyberark Software has a 1-year low of $58.63 and a 1-year high of $133.49. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 90.08, a P/E/G ratio of 5.54 and a beta of 1.87.

Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings results on Tuesday, May 14th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.33. Cyberark Software had a net margin of 14.79% and a return on equity of 13.23%. The firm had revenue of $95.94 million during the quarter, compared to the consensus estimate of $92.42 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The business’s revenue was up 33.7% compared to the same quarter last year. On average, equities research analysts predict that Cyberark Software will post 1.11 EPS for the current year.

A number of hedge funds have recently modified their holdings of CYBR. Swedbank bought a new stake in Cyberark Software in the 1st quarter worth about $120,062,000. Norges Bank bought a new stake in Cyberark Software in the 4th quarter worth about $35,253,000. Assenagon Asset Management S.A. grew its position in Cyberark Software by 2,646.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 371,977 shares of the technology company’s stock worth $44,284,000 after purchasing an additional 358,435 shares in the last quarter. Bank of America Corp DE grew its position in Cyberark Software by 198.9% in the 4th quarter. Bank of America Corp DE now owns 520,239 shares of the technology company’s stock worth $38,570,000 after purchasing an additional 346,194 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Cyberark Software by 128.5% in the 1st quarter. Renaissance Technologies LLC now owns 449,700 shares of the technology company’s stock worth $53,537,000 after purchasing an additional 252,900 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

About Cyberark Software

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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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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