CyberArk Software’s (CYBR) Peer Perform Rating Reaffirmed at Wolfe Research

CyberArk Software (NASDAQ:CYBR)‘s stock had its “peer perform” rating restated by investment analysts at Wolfe Research in a research note issued to investors on Friday, MarketBeat Ratings reports.

A number of other research analysts have also commented on CYBR. Needham & Company LLC upped their price objective on CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a report on Wednesday. BTIG Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $420.00 target price on shares of CyberArk Software in a report on Tuesday, July 22nd. Wedbush downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $450.00 price objective on the stock. in a report on Thursday. Finally, Barclays lifted their target price on shares of CyberArk Software from $405.00 to $440.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $433.39.

CyberArk Software Trading Up 0.6%

NASDAQ CYBR opened at $414.00 on Friday. The company has a market cap of $20.46 billion, a PE ratio of -122.85 and a beta of 0.96. The company has a current ratio of 2.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $391.99 and a 200-day moving average of $368.15. CyberArk Software has a 12 month low of $230.00 and a 12 month high of $452.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The company had revenue of $328.03 million during the quarter, compared to analysts’ expectations of $315.43 million. During the same period last year, the firm posted $0.54 earnings per share. The business’s revenue was up 46.0% on a year-over-year basis. On average, equities research analysts anticipate that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in CyberArk Software by 21.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 18,644 shares of the technology company’s stock valued at $7,586,000 after purchasing an additional 3,320 shares during the period. Peregrine Capital Management LLC grew its stake in CyberArk Software by 1.6% in the 2nd quarter. Peregrine Capital Management LLC now owns 38,732 shares of the technology company’s stock valued at $15,759,000 after purchasing an additional 613 shares during the period. AustralianSuper Pty Ltd purchased a new stake in CyberArk Software during the second quarter worth about $45,342,000. Aequim Alternative Investments LP purchased a new stake in shares of CyberArk Software during the 2nd quarter worth approximately $5,178,000. Finally, Rational Advisors Inc. raised its stake in shares of CyberArk Software by 44.3% in the second quarter. Rational Advisors Inc. now owns 14,000 shares of the technology company’s stock valued at $5,696,000 after buying an additional 4,300 shares during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.