CyberArk Software (NASDAQ:CYBR) Given Outperform Rating at Wedbush

Wedbush reaffirmed their outperform rating on shares of CyberArk Software (NASDAQ:CYBR) in a report released on Tuesday morning, Benzinga reports. Wedbush currently has a $185.00 price target on the technology company’s stock.

Several other research analysts have also commented on CYBR. Citigroup lifted their target price on CyberArk Software from $180.00 to $190.00 and gave the stock a buy rating in a research report on Tuesday, August 29th. Canaccord Genuity Group lifted their target price on CyberArk Software from $185.00 to $195.00 and gave the stock a buy rating in a research report on Thursday, August 24th. Cantor Fitzgerald reiterated an overweight rating and issued a $180.00 target price on shares of CyberArk Software in a research report on Tuesday, July 18th. KeyCorp lifted their target price on CyberArk Software from $194.00 to $196.00 and gave the stock an overweight rating in a research report on Friday, August 11th. Finally, Oppenheimer lifted their target price on CyberArk Software from $180.00 to $195.00 and gave the stock an outperform rating in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, CyberArk Software has a consensus rating of Moderate Buy and an average price target of $184.46.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $167.54 on Tuesday. CyberArk Software has a fifty-two week low of $113.19 and a fifty-two week high of $171.95. The business has a 50 day moving average price of $159.28 and a two-hundred day moving average price of $149.26. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.87 billion, a PE ratio of -59.62 and a beta of 1.04.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, August 10th. The technology company reported ($0.58) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.28. The firm had revenue of $175.84 million during the quarter, compared to analyst estimates of $173.20 million. CyberArk Software had a negative return on equity of 15.40% and a negative net margin of 17.55%. Sell-side analysts expect that CyberArk Software will post -2.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. 1832 Asset Management L.P. purchased a new stake in CyberArk Software during the 4th quarter valued at $33,000. Desjardins Global Asset Management Inc. bought a new stake in shares of CyberArk Software in the second quarter worth $34,000. Achmea Investment Management B.V. bought a new stake in shares of CyberArk Software in the fourth quarter worth $35,000. Tucker Asset Management LLC bought a new stake in shares of CyberArk Software in the first quarter worth $44,000. Finally, UniSuper Management Pty Ltd bought a new stake in shares of CyberArk Software in the second quarter worth $47,000. 92.14% of the stock is currently owned by institutional investors.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, 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.