Shares of Cyberark Software Ltd (NASDAQ:CYBR) have been given a consensus recommendation of “Buy” by the twenty-three ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $117.58.
Several brokerages have recently issued reports on CYBR. Goldman Sachs Group began coverage on Cyberark Software in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $87.00 price objective on the stock. UBS Group reduced their price objective on Cyberark Software from $104.00 to $94.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Morgan Stanley increased their target price on Cyberark Software from $110.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Robert W. Baird began coverage on Cyberark Software in a research report on Wednesday, March 18th. They set a “neutral” rating and a $85.00 target price on the stock. Finally, Mizuho reduced their target price on Cyberark Software from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th.
A number of large investors have recently made changes to their positions in CYBR. FMR LLC increased its stake in Cyberark Software by 196.8% during the first quarter. FMR LLC now owns 142,217 shares of the technology company’s stock worth $16,931,000 after acquiring an additional 94,307 shares during the last quarter. American International Group Inc. grew its stake in shares of Cyberark Software by 5.0% in the fourth quarter. American International Group Inc. now owns 4,222 shares of the technology company’s stock valued at $492,000 after buying an additional 200 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Cyberark Software in the fourth quarter valued at about $471,000. Employees Retirement System of Texas grew its stake in shares of Cyberark Software by 36.8% in the fourth quarter. Employees Retirement System of Texas now owns 43,650 shares of the technology company’s stock valued at $5,089,000 after buying an additional 11,740 shares in the last quarter. Finally, Korea Investment CORP grew its stake in shares of Cyberark Software by 7.5% in the fourth quarter. Korea Investment CORP now owns 12,900 shares of the technology company’s stock valued at $1,504,000 after buying an additional 900 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.
Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, May 13th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.38. Cyberark Software had a return on equity of 9.76% and a net margin of 11.64%. The business had revenue of $106.83 million for the quarter, compared to the consensus estimate of $106.69 million. As a group, equities analysts predict that Cyberark Software will post 0.48 EPS for the current year.
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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