CyberArk Software (NASDAQ:CYBR) Reaches New 52-Week High at $294.89

CyberArk Software Ltd. (NASDAQ:CYBR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $294.89 and last traded at $289.09, with a volume of 30334 shares. The stock had previously closed at $291.61.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of recent analyst reports. DA Davidson boosted their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Guggenheim reaffirmed a “buy” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Tuesday, June 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. Wedbush raised their price target on shares of CyberArk Software from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, KeyCorp boosted their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.92.

CyberArk Software Price Performance

The stock has a 50-day moving average price of $271.19 and a two-hundred day moving average price of $258.76. The stock has a market cap of $11.74 billion, a PE ratio of -455.64 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business had revenue of $224.71 million for the quarter, compared to the consensus estimate of $219.06 million. During the same quarter in the previous year, the company posted ($0.58) EPS. The company’s revenue was up 27.8% compared to the same quarter last year. Equities research analysts expect that CyberArk Software Ltd. will post -1.06 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Montag A & Associates Inc. purchased a new stake in CyberArk Software during the first quarter valued at approximately $27,000. Mather Group LLC. purchased a new position in CyberArk Software during the second quarter worth $27,000. ORG Partners LLC bought a new position in CyberArk Software during the second quarter valued at $33,000. FinTrust Capital Advisors LLC purchased a new stake in shares of CyberArk Software in the fourth quarter valued at $34,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of CyberArk Software in the 2nd quarter worth about $39,000. Institutional investors own 91.84% of the company’s stock.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.