CyberArk Software (NASDAQ:CYBR) PT Lowered to $180.00

CyberArk Software (NASDAQ:CYBRGet Rating) had its price objective cut by Mizuho from $205.00 to $180.00 in a report issued on Friday, The Fly reports.

Other equities research analysts have also issued reports about the company. Summit Insights reduced their target price on CyberArk Software from $225.00 to $150.00 in a report on Thursday. Barclays boosted their target price on CyberArk Software from $190.00 to $215.00 and gave the stock an overweight rating in a report on Friday, February 11th. KeyCorp initiated coverage on CyberArk Software in a report on Monday, April 4th. They issued an overweight rating and a $217.00 target price for the company. Guggenheim reduced their target price on CyberArk Software from $225.00 to $182.00 and set a buy rating for the company in a report on Friday, February 11th. Finally, Morgan Stanley boosted their target price on CyberArk Software from $186.00 to $191.00 and gave the stock an overweight rating in a report on Friday, February 11th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of Buy and a consensus price target of $180.72.

Shares of NASDAQ CYBR traded up $13.07 during trading hours on Friday, hitting $133.57. The stock had a trading volume of 958,419 shares, compared to its average volume of 417,777. The firm’s 50-day moving average price is $157.54 and its two-hundred day moving average price is $160.74. CyberArk Software has a 52 week low of $100.35 and a 52 week high of $201.68. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.72.

CyberArk Software (NASDAQ:CYBRGet Rating) last announced its quarterly earnings results on Thursday, May 12th. The technology company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.01. CyberArk Software had a negative return on equity of 9.01% and a negative net margin of 16.69%. The business had revenue of $127.60 million during the quarter, compared to analysts’ expectations of $130.43 million. During the same quarter in the previous year, the business posted ($0.28) EPS. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, research analysts predict that CyberArk Software will post -3.36 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in CYBR. EverSource Wealth Advisors LLC acquired a new position in shares of CyberArk Software in the 4th quarter valued at $26,000. Parallel Advisors LLC raised its stake in shares of CyberArk Software by 77.2% in the 1st quarter. Parallel Advisors LLC now owns 163 shares of the technology company’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. Endurance Wealth Management Inc. acquired a new position in shares of CyberArk Software in the 1st quarter valued at $42,000. Future Financial Wealth Managment LLC acquired a new position in shares of CyberArk Software in the 4th quarter valued at $51,000. Finally, Private Capital Group LLC acquired a new position in shares of CyberArk Software in the 4th quarter valued at $72,000. Institutional investors own 89.52% of the company’s stock.

About CyberArk Software (Get Rating)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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