JMP Securities Reaffirms “Outperform” Rating for Cyberark Software (CYBR)

JMP Securities restated their outperform rating on shares of Cyberark Software (NASDAQ:CYBR) in a research report report published on Tuesday morning, The Fly reports. They currently have a $135.00 price target on the technology company’s stock, up from their previous price target of $130.00.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley set a $126.00 target price on shares of Cyberark Software and gave the stock a buy rating in a research report on Friday, February 15th. Wedbush boosted their target price on shares of Cyberark Software from $95.00 to $130.00 and gave the stock an outperform rating in a research report on Friday, February 15th. Barclays boosted their target price on shares of Cyberark Software from $112.00 to $122.00 and gave the stock an equal weight rating in a research report on Friday, April 12th. UBS Group downgraded shares of Cyberark Software from a buy rating to a neutral rating and boosted their target price for the stock from $119.00 to $132.00 in a research report on Thursday, April 25th. Finally, FBN Securities assumed coverage on shares of Cyberark Software in a research report on Tuesday, March 19th. They set an outperform rating and a $130.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $107.55.

CYBR opened at $128.81 on Tuesday. The stock has a market capitalization of $4.65 billion, a PE ratio of 90.08, a P/E/G ratio of 5.54 and a beta of 1.87. Cyberark Software has a 1-year low of $58.63 and a 1-year high of $133.49.



Cyberark Software (NASDAQ:CYBR) last released its earnings results on Tuesday, May 14th. The technology company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.33. The company had revenue of $95.94 million during the quarter, compared to the consensus estimate of $92.42 million. Cyberark Software had a net margin of 14.79% and a return on equity of 13.23%. The company’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, equities research analysts forecast that Cyberark Software will post 1.11 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Swedbank acquired a new position in Cyberark Software during the 1st quarter valued at about $120,062,000. Norges Bank acquired a new position in Cyberark Software during the 4th quarter valued at about $35,253,000. Assenagon Asset Management S.A. boosted its stake in Cyberark Software by 2,646.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 371,977 shares of the technology company’s stock valued at $44,284,000 after purchasing an additional 358,435 shares during the period. Bank of America Corp DE boosted its stake in Cyberark Software by 198.9% during the 4th quarter. Bank of America Corp DE now owns 520,239 shares of the technology company’s stock valued at $38,570,000 after purchasing an additional 346,194 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Cyberark Software by 128.5% during the 1st quarter. Renaissance Technologies LLC now owns 449,700 shares of the technology company’s stock valued at $53,537,000 after purchasing an additional 252,900 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Cyberark Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

Read More: Price to Earnings Ratio (PE)

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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