Vetr downgraded shares of CyberArk Software Ltd. (NASDAQ:CYBR) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning. The brokerage currently has $54.18 target price on the stock.
Several other equities research analysts have also recently weighed in on CYBR. Piper Jaffray Companies set a $63.00 price objective on shares of CyberArk Software and gave the stock a buy rating in a research report on Saturday. Stifel Nicolaus began coverage on shares of CyberArk Software in a report on Monday. They issued a buy rating and a $62.00 price target for the company. Zacks Investment Research cut shares of CyberArk Software from a strong-buy rating to a hold rating in a report on Wednesday, November 9th. First Analysis began coverage on shares of CyberArk Software in a report on Friday, October 21st. They issued an overweight rating and a $60.00 price target for the company. Finally, Imperial Capital raised their price target on shares of CyberArk Software from $55.00 to $63.00 and gave the stock an outperform rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $57.15.
Shares of CyberArk Software (NASDAQ:CYBR) opened at 52.87 on Monday. CyberArk Software has a 52-week low of $31.50 and a 52-week high of $59.28. The stock has a market capitalization of $1.56 billion, a P/E ratio of 67.78 and a beta of 2.86. The stock has a 50 day moving average of $50.76 and a 200-day moving average of $50.84.
CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.08. CyberArk Software had a net margin of 12.98% and a return on equity of 11.86%. The company earned $64.40 million during the quarter, compared to analysts’ expectations of $63.01 million. During the same period in the prior year, the company posted $0.39 earnings per share. CyberArk Software’s revenue for the quarter was up 25.0% compared to the same quarter last year. Analysts predict that CyberArk Software will post $1.25 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP raised its stake in shares of CyberArk Software by 269.1% in the fourth quarter. Marshall Wace LLP now owns 698,811 shares of the company’s stock valued at $31,796,000 after buying an additional 509,481 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in shares of CyberArk Software during the third quarter valued at approximately $22,624,000. Morgan Stanley raised its stake in shares of CyberArk Software by 90.3% in the third quarter. Morgan Stanley now owns 835,848 shares of the company’s stock valued at $41,432,000 after buying an additional 396,608 shares in the last quarter. Allianz Asset Management AG raised its stake in shares of CyberArk Software by 570.3% in the fourth quarter. Allianz Asset Management AG now owns 288,636 shares of the company’s stock valued at $13,133,000 after buying an additional 245,578 shares in the last quarter. Finally, Tekne Capital Management LLC bought a new stake in shares of CyberArk Software during the second quarter valued at approximately $8,965,000. 72.53% of the stock is currently owned by institutional investors.
About CyberArk Software
CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.
To view Vetr’s full report, visit Vetr’s official website.
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