UBS Group upgraded shares of Cyberark Software (NASDAQ:CYBR) from a neutral rating to a buy rating in a report issued on Tuesday, February 20th, 99wallstreet.com reports. UBS Group currently has $58.00 price objective on the technology company’s stock, up from their previous price objective of $50.00.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Cyberark Software from a hold rating to a buy rating and set a $50.00 price objective on the stock in a research note on Wednesday, November 8th. Piper Jaffray Companies reiterated a buy rating and set a $50.00 price target on shares of Cyberark Software in a research report on Friday, November 3rd. Stifel Nicolaus reiterated a buy rating and set a $55.00 price target on shares of Cyberark Software in a research report on Friday, November 3rd. Evercore ISI restated a buy rating on shares of Cyberark Software in a research report on Thursday, February 15th. Finally, BidaskClub cut shares of Cyberark Software from a buy rating to a hold rating in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $51.89.
Cyberark Software (NASDAQ:CYBR) traded down $0.09 on Tuesday, reaching $51.95. 594,478 shares of the company’s stock were exchanged, compared to its average volume of 579,597. The stock has a market cap of $1,800.00, a P/E ratio of 118.07, a price-to-earnings-growth ratio of 5.24 and a beta of 2.12. Cyberark Software has a 1 year low of $39.34 and a 1 year high of $55.63.
Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 15th. The technology company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. The company had revenue of $80.37 million for the quarter, compared to the consensus estimate of $75.62 million. Cyberark Software had a net margin of 6.12% and a return on equity of 6.88%. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. analysts anticipate that Cyberark Software will post 0.54 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of CYBR. Asset Management One Co. Ltd. increased its holdings in shares of Cyberark Software by 122.5% during the third quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock valued at $174,000 after acquiring an additional 2,340 shares in the last quarter. Invictus RG purchased a new stake in shares of Cyberark Software during the fourth quarter valued at $199,000. OLD National Bancorp IN purchased a new stake in shares of Cyberark Software during the fourth quarter valued at $222,000. BNP Paribas Arbitrage SA boosted its position in shares of Cyberark Software by 45.1% during the third quarter. BNP Paribas Arbitrage SA now owns 5,507 shares of the technology company’s stock valued at $226,000 after buying an additional 1,711 shares during the last quarter. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Cyberark Software during the fourth quarter valued at $237,000. Hedge funds and other institutional investors own 76.68% of the company’s stock.
Cyberark Software Company Profile
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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