Cyberark Software (NASDAQ:CYBR) Downgraded by BidaskClub

BidaskClub cut shares of Cyberark Software (NASDAQ:CYBR) from a buy rating to a hold rating in a research note issued to investors on Friday morning, BidAskClub reports.

Other analysts also recently issued reports about the company. Wedbush restated an outperform rating on shares of Cyberark Software in a report on Wednesday, November 6th. Morgan Stanley lifted their target price on Cyberark Software from $146.00 to $149.00 and gave the company an overweight rating in a report on Thursday, August 8th. Cowen started coverage on Cyberark Software in a research report on Wednesday, August 21st. They set an outperform rating and a $145.00 price target for the company. Zacks Investment Research downgraded Cyberark Software from a strong-buy rating to a hold rating and set a $120.00 price target for the company. in a research report on Monday, November 11th. Finally, Evercore ISI set a $140.00 price target on Cyberark Software and gave the stock a buy rating in a research note on Monday, November 4th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $130.35.

Cyberark Software stock opened at $119.51 on Friday. Cyberark Software has a 1 year low of $65.90 and a 1 year high of $148.74. The firm has a 50 day moving average price of $112.63 and a 200 day moving average price of $118.83. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 83.57, a PEG ratio of 4.45 and a beta of 1.63.

Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.18. The company had revenue of $108.12 million for the quarter, compared to the consensus estimate of $103.04 million. Cyberark Software had a net margin of 16.09% and a return on equity of 12.94%. Cyberark Software’s revenue was up 27.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. As a group, analysts anticipate that Cyberark Software will post 1.56 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of CYBR. AdvisorNet Financial Inc purchased a new stake in shares of Cyberark Software during the 3rd quarter valued at about $30,000. NEXT Financial Group Inc boosted its holdings in Cyberark Software by 59.5% in the 2nd quarter. NEXT Financial Group Inc now owns 319 shares of the technology company’s stock worth $41,000 after acquiring an additional 119 shares during the period. First Quadrant L P CA purchased a new position in Cyberark Software in the 3rd quarter worth approximately $34,000. Quadrant Capital Group LLC acquired a new stake in Cyberark Software in the third quarter valued at approximately $37,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Cyberark Software in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 79.50% of the company’s stock.

About Cyberark Software

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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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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