CyberArk Software Ltd. (NASDAQ:CYBR)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a research note issued on Friday.
Other equities research analysts have also recently issued research reports about the company. DA Davidson boosted their target price on CyberArk Software from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, August 10th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $58.00 target price on shares of CyberArk Software in a report on Thursday, August 11th. Nomura boosted their target price on CyberArk Software from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Piper Jaffray Cos. reissued an “overweight” rating and set a $60.00 target price (up previously from $55.00) on shares of CyberArk Software in a report on Saturday, August 13th. Finally, Imperial Capital boosted their target price on CyberArk Software from $45.00 to $55.00 and gave the stock an “in-line” rating in a report on Thursday, August 11th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $57.41.
Shares of CyberArk Software (NASDAQ:CYBR) opened at 47.04 on Friday. The firm has a market cap of $1.39 billion, a PE ratio of 61.25 and a beta of 2.92. The stock’s 50 day moving average price is $51.56 and its 200 day moving average price is $48.12. CyberArk Software has a 12-month low of $31.50 and a 12-month high of $59.28.
CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.09. CyberArk Software had a return on equity of 12.54% and a net margin of 14.55%. The firm had revenue of $50.40 million for the quarter, compared to analysts’ expectations of $48.25 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The firm’s quarterly revenue was up 38.6% compared to the same quarter last year. On average, equities research analysts predict that CyberArk Software will post $1.07 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Societe Generale acquired a new stake in CyberArk Software during the second quarter worth $126,000. SG Americas Securities LLC acquired a new stake in CyberArk Software during the second quarter worth $126,000. Public Employees Retirement Association of Colorado acquired a new stake in CyberArk Software during the second quarter worth $136,000. Springbok Capital Management LLC acquired a new stake in CyberArk Software during the first quarter worth $168,000. Finally, Royal Bank of Canada raised its stake in CyberArk Software by 1.3% in the first quarter. Royal Bank of Canada now owns 5,730 shares of the company’s stock worth $244,000 after buying an additional 72 shares during the last quarter. 70.11% of the stock is currently owned by hedge funds and other institutional investors.
CyberArk Software Company Profile