Shares of Cyberark Software Ltd (NASDAQ:CYBR) have been assigned a consensus recommendation of “Buy” from the twenty-three analysts that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $86.32.
A number of brokerages have recently issued reports on CYBR. Zacks Investment Research cut shares of Cyberark Software from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Deutsche Bank upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Guggenheim began coverage on shares of Cyberark Software in a research note on Monday, December 10th. They issued a “buy” rating and a $86.00 price objective for the company. BidaskClub cut shares of Cyberark Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, Wedbush increased their price objective on shares of Cyberark Software from $95.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, February 15th.
Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its position in Cyberark Software by 0.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,042 shares of the technology company’s stock valued at $2,672,000 after acquiring an additional 261 shares in the last quarter. Creative Planning boosted its stake in Cyberark Software by 16.0% during the 4th quarter. Creative Planning now owns 3,257 shares of the technology company’s stock worth $241,000 after acquiring an additional 450 shares during the last quarter. Cerebellum GP LLC bought a new position in Cyberark Software during the 4th quarter worth approximately $41,000. Optimum Investment Advisors bought a new position in Cyberark Software during the 4th quarter worth approximately $44,000. Finally, Quantamental Technologies LLC bought a new position in Cyberark Software during the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 78.05% of the company’s stock.
Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 14th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.30. Cyberark Software had a net margin of 13.72% and a return on equity of 12.24%. The company had revenue of $109.10 million during the quarter, compared to analysts’ expectations of $95.94 million. During the same quarter in the prior year, the company posted $0.41 EPS. The business’s revenue was up 35.7% on a year-over-year basis. On average, research analysts forecast that Cyberark Software will post 1.11 EPS for the current year.
About Cyberark Software
CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
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