CyberArk Software (NASDAQ:CYBR) Stock Rating Lowered by StockNews.com

CyberArk Software (NASDAQ:CYBRGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other research firms have also weighed in on CYBR. Wells Fargo & Company dropped their price target on shares of CyberArk Software from $170.00 to $125.00 in a research report on Friday. Guggenheim dropped their price target on shares of CyberArk Software from $225.00 to $182.00 and set a “buy” rating for the company in a research report on Friday, February 11th. Zacks Investment Research upgraded shares of CyberArk Software from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Monday, May 2nd. Morgan Stanley upped their target price 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. Finally, Needham & Company LLC upgraded shares of CyberArk Software from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Friday, February 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $180.72.

Shares of CYBR stock opened at $130.15 on Tuesday. CyberArk Software has a 12 month low of $100.35 and a 12 month high of $201.68. The stock has a market cap of $5.21 billion, a P/E ratio of -48.75 and a beta of 1.24. 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 company has a 50 day simple moving average of $157.15 and a two-hundred day simple moving average of $160.16.

CyberArk Software (NASDAQ:CYBRGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The technology company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.01. The business had revenue of $127.60 million during the quarter, compared to analyst estimates of $130.43 million. CyberArk Software had a negative net margin of 20.58% and a negative return on equity of 12.42%. The company’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.28) earnings per share. As a group, equities analysts forecast that CyberArk Software will post -3.36 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. purchased a new stake in CyberArk Software during the third quarter valued at $1,348,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of CyberArk Software in the fourth quarter valued at $43,810,000. Liontrust Investment Partners LLP raised its stake in shares of CyberArk Software by 157.1% in the fourth quarter. Liontrust Investment Partners LLP now owns 27,000 shares of the technology company’s stock valued at $4,679,000 after acquiring an additional 16,500 shares during the period. Gamble Jones Investment Counsel raised its stake in shares of CyberArk Software by 2.4% in the fourth quarter. Gamble Jones Investment Counsel now owns 50,778 shares of the technology company’s stock valued at $8,799,000 after acquiring an additional 1,167 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of CyberArk Software by 7.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 65,964 shares of the technology company’s stock valued at $11,498,000 after acquiring an additional 4,697 shares during the period. 89.52% of the stock is currently owned by institutional investors.

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.

Featured Articles

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

Receive News & Ratings for CyberArk Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software and related companies with MarketBeat.com's FREE daily email newsletter.