CyberArk Software (NASDAQ:CYBR) Upgraded to “Hold” at StockNews.com

CyberArk Software (NASDAQ:CYBR – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other analysts have also weighed in on CYBR. Wells Fargo & Company cut their price objective on CyberArk Software from $170.00 to $125.00 in a report on Friday, May 13th. Summit Insights dropped their price target on CyberArk Software from $225.00 to $150.00 in a research report on Thursday, May 12th. Needham & Company LLC upgraded CyberArk Software from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research note on Friday, February 11th. Zacks Investment Research upgraded CyberArk Software from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Monday, May 2nd. Finally, KeyCorp started coverage on CyberArk Software in a research report on Monday, April 4th. They set an “overweight” rating and a $217.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $180.72.

Shares of CyberArk Software stock opened at $132.22 on Wednesday. The company has a fifty day moving average price of $154.78 and a 200 day moving average price of $158.01. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.85. CyberArk Software has a twelve month low of $100.35 and a twelve month high of $201.68. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of -49.52 and a beta of 1.24.

CyberArk Software (NASDAQ:CYBR – Get Rating) last issued 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. The business 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 20.58% and a negative return on equity of 12.64%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.28) EPS. Analysts forecast that CyberArk Software will post -3.36 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in CYBR. Wasatch Advisors Inc. raised its stake in shares of CyberArk Software by 5.1% in the third quarter. Wasatch Advisors Inc. now owns 4,012,342 shares of the technology company’s stock worth $633,228,000 after purchasing an additional 196,044 shares during the last quarter. RGM Capital LLC lifted its holdings in CyberArk Software by 3.3% during the first quarter. RGM Capital LLC now owns 1,157,103 shares of the technology company’s stock valued at $195,261,000 after purchasing an additional 36,667 shares during the last quarter. First Trust Advisors LP lifted its holdings in CyberArk Software by 8.3% during the first quarter. First Trust Advisors LP now owns 1,129,744 shares of the technology company’s stock valued at $190,644,000 after purchasing an additional 86,160 shares during the last quarter. Wellington Management Group LLP lifted its holdings in CyberArk Software by 219.9% during the third quarter. Wellington Management Group LLP now owns 993,920 shares of the technology company’s stock valued at $156,860,000 after purchasing an additional 683,192 shares during the last quarter. Finally, American Capital Management Inc. lifted its holdings in CyberArk Software by 0.8% during the fourth quarter. American Capital Management Inc. now owns 857,682 shares of the technology company’s stock valued at $148,619,000 after purchasing an additional 7,085 shares during the last quarter. Institutional investors 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.

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