CyberArk Software (NASDAQ:CYBR) PT Lowered to $180.00

CyberArk Software (NASDAQ:CYBR – Get Rating) had its price target dropped by research analysts at Mizuho from $205.00 to $180.00 in a research report issued to clients and investors on Friday, The Fly reports. Mizuho’s price target points to a potential upside of 49.38% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Robert W. Baird dropped their price target on shares of CyberArk Software from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 11th. JMP Securities started coverage on shares of CyberArk Software in a research note on Tuesday, February 22nd. They issued a “buy” rating and a $175.00 price target on the stock. StockNews.com raised shares of CyberArk Software from a “sell” rating to a “hold” rating in a research note on Monday. KeyCorp initiated coverage on shares of CyberArk Software in a research note on Monday, April 4th. They issued an “overweight” rating and a $217.00 price target on the stock. Finally, Zacks Investment Research raised shares of CyberArk Software from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Monday, May 2nd. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $181.11.

CYBR opened at $120.50 on Friday. The stock has a fifty day moving average of $157.91 and a 200-day moving average of $161.06. The firm has a market capitalization of $4.82 billion, a P/E ratio of -56.84 and a beta of 1.24. CyberArk Software has a 12-month low of $100.35 and a 12-month high of $201.68. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.72.

CyberArk Software (NASDAQ:CYBR – Get Rating) last released its earnings results on Thursday, May 12th. The technology company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.01. CyberArk Software had a negative return on equity of 9.01% and a negative net margin of 16.69%. The company had revenue of $127.60 million during the quarter, compared to analyst estimates of $130.43 million. During the same quarter in the prior year, the company earned ($0.28) earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts expect that CyberArk Software will post -3.36 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CYBR. EverSource Wealth Advisors LLC bought a new position in CyberArk Software during the fourth quarter worth about $26,000. Parallel Advisors LLC lifted its stake in CyberArk Software by 77.2% during the first quarter. Parallel Advisors LLC now owns 163 shares of the technology company’s stock worth $28,000 after purchasing an additional 71 shares during the period. Endurance Wealth Management Inc. bought a new position in CyberArk Software during the first quarter worth about $42,000. Future Financial Wealth Managment LLC acquired a new stake in shares of CyberArk Software during the fourth quarter worth approximately $51,000. Finally, Private Capital Group LLC acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $72,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.

See Also