CyberArk Software (NASDAQ:CYBR - Get Free Report) had its price objective hoisted by Wedbush from $300.00 to $325.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an "outperform" rating on the technology company's stock. Wedbush's price objective points to a potential upside of 18.23% from the stock's current price.
Other equities analysts have also recently issued research reports about the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $310.00 price target on shares of CyberArk Software in a report on Friday, August 9th. Robert W. Baird upped their price target on CyberArk Software from $295.00 to $315.00 and gave the company an "outperform" rating in a report on Friday, August 9th. Jefferies Financial Group upped their price target on CyberArk Software from $315.00 to $330.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. DA Davidson upped their price target on CyberArk Software from $285.00 to $315.00 and gave the company a "buy" rating in a report on Friday, August 9th. Finally, Citigroup upped their price target on CyberArk Software from $305.00 to $310.00 and gave the company a "buy" rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $296.92.
Get Our Latest Stock Analysis on CyberArk Software
Shares of NASDAQ CYBR traded down $16.72 during trading hours on Tuesday, hitting $274.89. 559,926 shares of the company's stock were exchanged, compared to its average volume of 532,173. CyberArk Software has a 1-year low of $152.03 and a 1-year high of $294.89. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of -427.81 and a beta of 1.11. The company's 50-day moving average price is $271.19 and its 200-day moving average price is $258.76.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business had revenue of $224.71 million during the quarter, compared to analysts' expectations of $219.06 million. During the same quarter in the previous year, the firm earned ($0.58) EPS. The firm's revenue was up 27.8% compared to the same quarter last year. On average, research analysts expect that CyberArk Software will post -1.06 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. Centaurus Financial Inc. acquired a new stake in CyberArk Software during the 2nd quarter worth $109,000. Sanctuary Advisors LLC acquired a new stake in CyberArk Software during the 2nd quarter worth $2,380,000. Sycomore Asset Management raised its stake in CyberArk Software by 36.6% during the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company's stock worth $15,973,000 after buying an additional 16,294 shares during the period. Clearbridge Investments LLC raised its stake in CyberArk Software by 250.0% during the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company's stock worth $61,350,000 after buying an additional 160,269 shares during the period. Finally, Cetera Investment Advisers raised its stake in CyberArk Software by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 11,733 shares of the technology company's stock worth $3,208,000 after buying an additional 281 shares during the period. 91.84% of the stock is currently owned by institutional investors.
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider CyberArk Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CyberArk Software wasn't on the list.
While CyberArk Software currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.