CyberArk Software (NASDAQ:CYBR) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of CyberArk Software (NASDAQ:CYBR) in a report published on Wednesday morning, Marketbeat reports. The brokerage issued a neutral rating and a $474.00 target price on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Weiss Ratings initiated coverage on CyberArk Software in a research report on Saturday, November 1st. They issued a “sell (d-)” rating for the company. Zacks Research upgraded CyberArk Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Finally, Canaccord Genuity Group cut CyberArk Software from a “buy” rating to a “hold” rating and upped their target price for the company from $440.00 to $502.00 in a report on Wednesday, October 15th. Six research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Hold” and an average price target of $462.63.

CyberArk Software Stock Down 1.9%

NASDAQ CYBR opened at $443.11 on Wednesday. The business has a fifty day moving average price of $483.87 and a 200 day moving average price of $446.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market cap of $22.37 billion, a P/E ratio of -96.12, a P/E/G ratio of 24.30 and a beta of 0.99. CyberArk Software has a one year low of $288.63 and a one year high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.28. The company had revenue of $342.84 million for the quarter, compared to analysts’ expectations of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 EPS. Research analysts anticipate that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CYBR. Vanguard Group Inc. lifted its stake in shares of CyberArk Software by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 77,871 shares of the technology company’s stock valued at $26,320,000 after purchasing an additional 3,842 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in CyberArk Software by 10.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,819 shares of the technology company’s stock valued at $11,431,000 after buying an additional 3,081 shares during the period. Northern Trust Corp lifted its position in CyberArk Software by 4.8% in the first quarter. Northern Trust Corp now owns 230,545 shares of the technology company’s stock valued at $77,924,000 after buying an additional 10,581 shares during the last quarter. Korea Investment CORP lifted its position in CyberArk Software by 5.8% in the first quarter. Korea Investment CORP now owns 28,853 shares of the technology company’s stock valued at $9,752,000 after buying an additional 1,581 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in CyberArk Software by 67.1% during the first quarter. Hsbc Holdings PLC now owns 22,145 shares of the technology company’s stock worth $7,365,000 after buying an additional 8,893 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

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.