Cyberark Software (NASDAQ:CYBR) had its price objective raised by analysts at UBS Group from $85.00 to $90.00 in a report issued on Thursday, The Fly reports. The firm currently has a “positive” rating on the technology company’s stock. UBS Group’s target price would suggest a potential upside of 16.38% from the company’s current price.
CYBR has been the topic of a number of other research reports. Dougherty & Co upped their target price on Cyberark Software from $64.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Evercore ISI reiterated a “buy” rating and issued a $75.00 target price on shares of Cyberark Software in a research report on Wednesday, August 8th. BidaskClub upgraded Cyberark Software from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. JPMorgan Chase & Co. upped their target price on Cyberark Software to $90.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, TheStreet upgraded Cyberark Software from a “c+” rating to a “b-” rating in a research report on Thursday, August 9th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $77.78.
Shares of NASDAQ CYBR opened at $77.33 on Thursday. The company has a market capitalization of $2.55 billion, a P/E ratio of 105.93, a PEG ratio of 4.77 and a beta of 2.08. Cyberark Software has a 52 week low of $40.63 and a 52 week high of $84.21.
Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 7th. The technology company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.21. The firm had revenue of $84.70 million for the quarter, compared to analyst estimates of $78.82 million. Cyberark Software had a return on equity of 9.69% and a net margin of 8.41%. Cyberark Software’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. As a group, equities analysts expect that Cyberark Software will post 0.76 EPS for the current year.
A number of large investors have recently made changes to their positions in CYBR. Northern Trust Corp lifted its holdings in Cyberark Software by 14.8% in the first quarter. Northern Trust Corp now owns 98,392 shares of the technology company’s stock valued at $5,020,000 after acquiring an additional 12,678 shares during the period. BlackRock Inc. lifted its holdings in Cyberark Software by 8.2% in the first quarter. BlackRock Inc. now owns 507,644 shares of the technology company’s stock valued at $25,900,000 after acquiring an additional 38,358 shares during the period. UBS Group AG lifted its holdings in Cyberark Software by 251.4% in the first quarter. UBS Group AG now owns 59,688 shares of the technology company’s stock valued at $3,045,000 after acquiring an additional 42,704 shares during the period. California State Teachers Retirement System acquired a new position in Cyberark Software in the first quarter valued at approximately $1,046,000. Finally, Millennium Management LLC lifted its holdings in Cyberark Software by 67.6% in the first quarter. Millennium Management LLC now owns 123,149 shares of the technology company’s stock valued at $6,283,000 after acquiring an additional 49,685 shares during the period. 77.36% of the stock is owned by institutional investors.
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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