CyberArk Software (NASDAQ:CYBR) PT Lowered to $170.00

CyberArk Software (NASDAQ:CYBRGet Rating) had its target price lowered by analysts at Mizuho from $180.00 to $170.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the technology company’s stock. Mizuho’s price objective points to a potential upside of 21.00% from the stock’s current price.

Several other analysts also recently issued reports on the company. Wedbush reduced their price target on CyberArk Software from $195.00 to $150.00 in a research note on Friday, May 13th. KeyCorp began coverage on CyberArk Software in a research note on Monday, April 4th. They issued an “overweight” rating and a $217.00 price target for the company. Summit Insights reduced their price target on CyberArk Software from $225.00 to $150.00 in a research note on Thursday, May 12th. StockNews.com raised CyberArk Software from a “sell” rating to a “hold” rating in a report on Wednesday, May 25th. Finally, Robert W. Baird dropped their price objective on CyberArk Software from $200.00 to $180.00 in a report on Friday, May 13th. Three equities 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 has an average rating of “Moderate Buy” and an average price target of $180.44.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $140.50 on Tuesday. 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 12 month low of $100.35 and a 12 month high of $201.68. The stock has a 50 day moving average of $133.49 and a 200-day moving average of $146.63. The company has a market capitalization of $5.72 billion, a P/E ratio of -52.62 and a beta of 1.25.

CyberArk Software (NASDAQ:CYBRGet Rating) last issued its earnings results on Thursday, May 12th. The technology company reported ($0.88) EPS for the quarter, hitting the consensus estimate of ($0.88). The company had revenue of $127.60 million during the quarter, compared to the consensus estimate of $130.43 million. CyberArk Software had a negative return on equity of 12.64% and a negative net margin of 20.58%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.28) EPS. As a group, equities research analysts predict that CyberArk Software will post -3.61 EPS for the current year.

Hedge Funds Weigh In On CyberArk Software

A number of institutional investors have recently modified their holdings of CYBR. Nordea Investment Management AB increased its holdings in CyberArk Software by 10.2% in the 4th quarter. Nordea Investment Management AB now owns 2,185 shares of the technology company’s stock worth $387,000 after purchasing an additional 202 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in CyberArk Software in the 4th quarter worth about $271,000. Private Capital Group LLC acquired a new position in CyberArk Software in the 4th quarter worth about $72,000. Lake Street Financial LLC acquired a new position in CyberArk Software in the 4th quarter worth about $267,000. Finally, National Bank of Canada FI acquired a new position in CyberArk Software in the 4th quarter worth about $215,000. 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.

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