CyberArk Software (NASDAQ:CYBR) Upgraded at Zacks Research

Zacks Research upgraded shares of CyberArk Software (NASDAQ:CYBR) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. began coverage on CyberArk Software in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $474.00 price target for the company. Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Barclays restated an “equal weight” rating and set a $520.00 price target (up from $440.00) on shares of CyberArk Software in a research report on Tuesday, October 14th. Finally, Weiss Ratings initiated coverage on shares of CyberArk Software in a report on Saturday, November 1st. They issued a “sell (d-)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CyberArk Software presently has an average rating of “Hold” and a consensus target price of $462.63.

CyberArk Software Price Performance

NASDAQ CYBR opened at $456.73 on Wednesday. The company has a 50-day moving average price of $465.76 and a two-hundred day moving average price of $452.73. CyberArk Software has a 52 week low of $288.63 and a 52 week high of $526.19. The stock has a market cap of $23.06 billion, a price-to-earnings ratio of -99.07, a price-to-earnings-growth ratio of 21.42 and a beta of 0.92. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data 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. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The business had revenue of $342.84 million during the quarter, compared to the consensus estimate of $328.52 million. During the same period in the previous year, the firm posted $0.94 earnings per share. The business’s revenue was up 42.8% on a year-over-year basis. Analysts forecast that CyberArk Software will post -0.47 EPS for the current year.

Institutional Trading of CyberArk Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in CYBR. Sheets Smith Wealth Management increased its holdings in shares of CyberArk Software by 0.7% in the third quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock valued at $1,518,000 after buying an additional 23 shares in the last quarter. Portside Wealth Group LLC grew its holdings in shares of CyberArk Software by 1.1% in the 3rd quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock worth $989,000 after acquiring an additional 23 shares during the last quarter. Signal Advisors Wealth LLC raised its position in shares of CyberArk Software by 0.6% during the third quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock worth $1,892,000 after purchasing an additional 24 shares during the period. Level Four Advisory Services LLC lifted its holdings in shares of CyberArk Software by 0.6% during the third quarter. Level Four Advisory Services LLC now owns 3,884 shares of the technology company’s stock valued at $1,877,000 after purchasing an additional 25 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of CyberArk Software by 50.0% during the third quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock valued at $42,000 after purchasing an additional 29 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Company Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.