Shares of CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) have received an average rating of “Buy” from the twenty-one research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $188.68.
A number of research analysts have weighed in on CYBR shares. JMP Securities started coverage on shares of CyberArk Software in a research report on Tuesday, February 22nd. They set a “buy” rating and a $175.00 price target on the stock. KeyCorp started coverage on shares of CyberArk Software in a research report on Monday, April 4th. They set an “overweight” rating and a $217.00 price target on the stock. Barclays lifted their price target on shares of CyberArk Software from $190.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, February 11th. Piper Sandler reduced their price target on shares of CyberArk Software from $220.00 to $200.00 in a research report on Thursday, January 6th. Finally, Wedbush lifted their price target on shares of CyberArk Software from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, April 14th.
A number of institutional investors and hedge funds have recently bought and sold shares of CYBR. FMR LLC raised its holdings in CyberArk Software by 196.8% in the first quarter. FMR LLC now owns 142,217 shares of the technology company’s stock valued at $16,931,000 after acquiring an additional 94,307 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in CyberArk Software during the third quarter valued at $201,000. Raymond James & Associates increased its stake in CyberArk Software by 50.4% during the third quarter. Raymond James & Associates now owns 17,797 shares of the technology company’s stock valued at $2,809,000 after purchasing an additional 5,964 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in CyberArk Software by 31.8% during the third quarter. Advisor Group Holdings Inc. now owns 7,621 shares of the technology company’s stock valued at $1,203,000 after purchasing an additional 1,838 shares during the last quarter. Finally, Truist Financial Corp increased its stake in CyberArk Software by 1.3% during the third quarter. Truist Financial Corp now owns 21,761 shares of the technology company’s stock valued at $3,435,000 after purchasing an additional 271 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.
CyberArk Software (NASDAQ:CYBR – Get Rating) last released its earnings results on Thursday, February 10th. The technology company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.07. The firm had revenue of $151.30 million during the quarter, compared to the consensus estimate of $144.48 million. CyberArk Software had a negative net margin of 16.69% and a negative return on equity of 9.01%. CyberArk Software’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. Sell-side analysts predict that CyberArk Software will post -3.36 EPS for the current year.
About CyberArk Software (Get Rating)
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
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