Cyberark Software (NASDAQ:CYBR) Stock Price Down 5.5%

Cyberark Software Ltd (NASDAQ:CYBR) fell 5.5% on Monday . The stock traded as low as $106.60 and last traded at $107.40, 1,220,124 shares changed hands during trading. An increase of 37% from the average session volume of 890,039 shares. The stock had previously closed at $113.71.

CYBR has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Cyberark Software from $111.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 15th. Mizuho set a $145.00 price target on Cyberark Software and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI set a $140.00 price target on Cyberark Software and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded Cyberark Software from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a report on Tuesday, August 13th. Finally, Cowen assumed coverage on Cyberark Software in a research note on Wednesday, August 21st. They issued an “outperform” rating and a $145.00 price objective for the company. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $124.52.

The stock has a market capitalization of $3.84 billion, a PE ratio of 69.59, a P/E/G ratio of 5.27 and a beta of 1.64. The firm has a 50 day moving average price of $121.33 and a 200 day moving average price of $123.18.



Cyberark Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.34. Cyberark Software had a return on equity of 13.47% and a net margin of 15.23%. The company had revenue of $100.18 million for the quarter, compared to analyst estimates of $97.35 million. During the same quarter last year, the company earned $0.36 earnings per share. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. Equities research analysts predict that Cyberark Software Ltd will post 1.29 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Axiom International Investors LLC DE boosted its stake in shares of Cyberark Software by 115.0% in the 2nd quarter. Axiom International Investors LLC DE now owns 751,735 shares of the technology company’s stock worth $96,102,000 after buying an additional 402,100 shares during the last quarter. Manning & Napier Group LLC raised its holdings in shares of Cyberark Software by 6.6% in the 2nd quarter. Manning & Napier Group LLC now owns 72,375 shares of the technology company’s stock worth $9,252,000 after purchasing an additional 4,475 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Cyberark Software by 51.1% in the 1st quarter. CIBC Private Wealth Group LLC now owns 10,090 shares of the technology company’s stock worth $1,201,000 after purchasing an additional 3,414 shares during the period. National Asset Management Inc. lifted its stake in Cyberark Software by 64.9% in the second quarter. National Asset Management Inc. now owns 2,771 shares of the technology company’s stock valued at $355,000 after purchasing an additional 1,091 shares during the last quarter. Finally, Comerica Bank lifted its stake in Cyberark Software by 57.9% in the second quarter. Comerica Bank now owns 3,255 shares of the technology company’s stock valued at $458,000 after purchasing an additional 1,193 shares during the last quarter. Institutional investors and hedge funds own 76.60% of the company’s stock.

About Cyberark Software (NASDAQ:CYBR)

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.

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