CyberArk (NASDAQ:CYBR) has been given an average rating of “Buy” by the twenty-two ratings firms that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $52.50.
Several analysts have commented on CYBR shares. BidaskClub upgraded CyberArk from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Piper Jaffray reiterated a “buy” rating and set a $53.00 target price on shares of CyberArk in a research note on Friday, February 16th. Evercore ISI restated a “buy” rating on shares of CyberArk in a research note on Thursday, February 15th. UBS upgraded CyberArk from a “neutral” rating to a “buy” rating and raised their price target for the stock from $50.00 to $58.00 in a research note on Tuesday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $57.00 price target (up from $55.00) on shares of CyberArk in a research note on Wednesday, March 7th.
Shares of CYBR opened at $53.03 on Thursday. CyberArk has a 12 month low of $39.34 and a 12 month high of $55.63. The firm has a market cap of $1,906.29, a price-to-earnings ratio of 72.64, a price-to-earnings-growth ratio of 5.47 and a beta of 2.04.
CyberArk (NASDAQ:CYBR) last issued its earnings results on Thursday, February 15th. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. CyberArk had a return on equity of 6.88% and a net margin of 6.12%. The business had revenue of $80.37 million for the quarter, compared to the consensus estimate of $75.62 million. During the same period last year, the business posted $0.41 EPS. The company’s revenue was up 24.9% compared to the same quarter last year. equities research analysts anticipate that CyberArk will post 0.54 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its position in CyberArk by 122.5% during the third quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock valued at $174,000 after purchasing an additional 2,340 shares in the last quarter. Invictus RG purchased a new position in CyberArk during the fourth quarter valued at $199,000. OLD National Bancorp IN purchased a new position in CyberArk during the fourth quarter valued at $222,000. Ramsey Quantitative Systems purchased a new position in CyberArk during the fourth quarter valued at $237,000. Finally, FDx Advisors Inc. purchased a new position in CyberArk during the fourth quarter valued at $238,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.
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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