CyberArk Software (NASDAQ:CYBR) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of CyberArk Software (NASDAQ:CYBR) from a hold rating to a buy rating in a research note published on Monday morning.

Several other analysts have also recently commented on CYBR. BTIG Research upped their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. UBS Group upped their price objective on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Canaccord Genuity Group raised their target price on CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Barclays boosted their target price on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Wedbush lifted their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Down 1.0 %

CyberArk Software stock opened at $320.00 on Monday. The business’s 50-day simple moving average is $299.69 and its 200 day simple moving average is $276.79. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 1,185.23 and a beta of 1.13. CyberArk Software has a 12-month low of $198.01 and a 12-month high of $333.32.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. During the same period in the prior year, the company posted ($0.31) EPS. The company’s revenue was up 25.6% compared to the same quarter last year. As a group, sell-side analysts expect that CyberArk Software will post -0.58 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC grew its holdings in shares of CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after acquiring an additional 9,570 shares in the last quarter. Groupama Asset Managment grew its stake in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares in the last quarter. RGM Capital LLC increased its position in shares of CyberArk Software by 2.1% during the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after purchasing an additional 16,530 shares during the last quarter. Whale Rock Capital Management LLC raised its stake in shares of CyberArk Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock worth $134,422,000 after purchasing an additional 14,927 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of CyberArk Software by 11.1% in the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock valued at $133,528,000 after buying an additional 45,799 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Company Profile

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.