CyberArk Software (NASDAQ:CYBR) Price Target Cut to $168.00

CyberArk Software (NASDAQ:CYBR – Get Rating) had its price objective decreased by Stifel Nicolaus from $210.00 to $168.00 in a report published on Friday morning, The Fly reports.

CYBR has been the subject of several other research reports. Barclays lifted their target price on shares of CyberArk Software from $190.00 to $215.00 and gave the company an overweight rating in a report on Friday, February 11th. Zacks Investment Research raised shares of CyberArk Software from a hold rating to a buy rating and set a $165.00 price objective for the company in a research report on Monday, May 2nd. Morgan Stanley boosted their price target on shares of CyberArk Software from $186.00 to $191.00 and gave the company an overweight rating in a research report on Friday, February 11th. KeyCorp started coverage on shares of CyberArk Software in a research report on Monday, April 4th. They issued an overweight rating and a $217.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on shares of CyberArk Software from $170.00 to $125.00 in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $180.72.

Shares of NASDAQ CYBR traded up $13.07 during midday trading on Friday, reaching $133.57. 958,419 shares of the stock were exchanged, compared to its average volume of 417,777. CyberArk Software has a twelve month low of $100.35 and a twelve 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. The company has a 50 day simple moving average of $157.54 and a 200 day simple moving average of $160.74.

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

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth about $26,000. Parallel Advisors LLC increased its stake in shares of 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 acquiring an additional 71 shares during the period. Endurance Wealth Management Inc. acquired a new position in shares of CyberArk Software during the first quarter worth about $42,000. Future Financial Wealth Managment LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth about $51,000. Finally, Private Capital Group LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth about $72,000. 89.52% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Company Profile (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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