Wells Fargo & Company Cuts CyberArk Software (NASDAQ:CYBR) Price Target to $125.00

CyberArk Software (NASDAQ:CYBRGet Rating) had its target price lowered by investment analysts at Wells Fargo & Company from $170.00 to $125.00 in a research note issued on Friday, The Fly reports. Wells Fargo & Company‘s price objective would suggest a potential upside of 3.73% from the company’s current price.

Several other analysts have also issued reports on the stock. Guggenheim decreased their price target on shares of CyberArk Software from $225.00 to $182.00 and set a “buy” rating on the stock in a research report on Friday, February 11th. Morgan Stanley raised their price target on shares of CyberArk Software from $186.00 to $191.00 and gave the stock an “overweight” rating in a research report on Friday, February 11th. Needham & Company LLC upgraded shares of CyberArk Software from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research report on Friday, February 11th. Robert W. Baird decreased their price target on shares of CyberArk Software from $200.00 to $180.00 in a research report on Friday. Finally, StockNews.com raised shares of CyberArk Software from a “sell” rating to a “hold” rating in a report on Monday. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $181.11.

NASDAQ:CYBR opened at $120.50 on Friday. CyberArk Software has a 1 year low of $100.35 and a 1 year high of $201.68. The firm’s fifty day simple moving average is $157.91 and its 200 day simple moving average is $161.06. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.82 billion, a PE ratio of -56.84 and a beta of 1.24.

CyberArk Software (NASDAQ:CYBRGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The technology company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.01. The company had revenue of $127.60 million for the quarter, compared to analyst estimates of $130.43 million. CyberArk Software had a negative net margin of 16.69% and a negative return on equity of 9.01%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the business posted ($0.28) EPS. As a group, analysts anticipate that CyberArk Software will post -3.36 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new position in shares of CyberArk Software in the 3rd quarter worth approximately $1,348,000. Allspring Global Investments Holdings LLC acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $43,810,000. Liontrust Investment Partners LLP boosted its holdings in shares of CyberArk Software by 157.1% in the 4th quarter. Liontrust Investment Partners LLP now owns 27,000 shares of the technology company’s stock worth $4,679,000 after acquiring an additional 16,500 shares in the last quarter. Gamble Jones Investment Counsel boosted its holdings in shares of CyberArk Software by 2.4% in the 4th quarter. Gamble Jones Investment Counsel now owns 50,778 shares of the technology company’s stock worth $8,799,000 after acquiring an additional 1,167 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in CyberArk Software by 7.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 65,964 shares of the technology company’s stock worth $11,498,000 after purchasing an additional 4,697 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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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