CyberArk Software’s (CYBR) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird restated their neutral rating on shares of CyberArk Software (NASDAQ:CYBR) in a research report report published on Friday,Benzinga reports. Robert W. Baird currently has a $460.00 price target on the technology company’s stock.

Other equities analysts have also issued research reports about the company. 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. Cantor Fitzgerald restated an “overweight” rating and set a $420.00 price objective on shares of CyberArk Software in a research note on Tuesday, July 22nd. William Blair restated a “market perform” rating on shares of CyberArk Software in a research note on Wednesday, July 30th. Needham & Company LLC raised their price objective on CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, KeyCorp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Seventeen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, CyberArk Software has an average rating of “Hold” and an average price target of $433.39.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $414.00 on Friday. The firm has a market cap of $20.46 billion, a P/E ratio of -122.85 and a beta of 0.96. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software has a 1-year low of $230.00 and a 1-year high of $452.00. The business’s 50 day moving average is $391.99 and its 200-day moving average is $368.24.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The firm’s quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Equities research analysts predict that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On CyberArk Software

Several hedge funds have recently modified their holdings of CYBR. Thoma Bravo L.P. bought a new stake in CyberArk Software during the 4th quarter worth approximately $380,637,000. Invesco Ltd. grew its holdings in CyberArk Software by 12.2% during the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock worth $381,904,000 after acquiring an additional 122,423 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after acquiring an additional 921,523 shares during the last quarter. First Trust Advisors LP grew its holdings in CyberArk Software by 2.3% during the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company’s stock worth $313,084,000 after acquiring an additional 20,832 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in CyberArk Software by 0.7% during the 1st quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock worth $300,448,000 after acquiring an additional 6,314 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

About CyberArk Software

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.