Oppenheimer Reaffirms “Market Perform” Rating for CyberArk Software (NASDAQ:CYBR)

CyberArk Software (NASDAQ:CYBR)‘s stock had its “market perform” rating reiterated by equities research analysts at Oppenheimer in a note issued to investors on Friday,Benzinga reports.

Several other equities research analysts also recently weighed in on the company. Piper Sandler reissued a “neutral” rating and issued a $448.00 price target (up previously from $440.00) on shares of CyberArk Software in a report on Thursday. KeyCorp cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Guggenheim restated a “neutral” rating and issued a $455.00 price objective on shares of CyberArk Software in a research note on Thursday. Barclays raised their price objective on CyberArk Software from $405.00 to $440.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Finally, BTIG Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Seventeen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $433.39.

CyberArk Software Price Performance

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

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. The business had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The company’s quarterly revenue was up 46.0% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. As a group, equities analysts expect that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC increased its position in shares of CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after buying an additional 39 shares in the last quarter. Whipplewood Advisors LLC increased its position in shares of CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock valued at $27,000 after buying an additional 46 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of CyberArk Software in the second quarter valued at approximately $30,000. Bessemer Group Inc. increased its position in shares of CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after buying an additional 80 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of CyberArk Software in the first quarter valued at approximately $34,000. 91.84% of the stock is currently owned by hedge funds and other 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.