CyberArk Software (NASDAQ:CYBR) price reduced to $168.00


CyberArk Software (NASDAQ: CYBRGet a rating) had its price target lowered by Stifel Nicolaus from $210.00 to $168.00 in a report released on Friday morning, Fly reports.

CYBR has been the subject of several other research reports. Barclays raised its price target on CyberArk Software shares from $190.00 to $215.00 and gave the company an overweight rating in a Friday, February 11 report. Zacks Investment Research moved CyberArk Software shares from a hold rating to a buy rating and set a price target of $165.00 for the company in a Monday, May 2 research report. Morgan Stanley raised its price target on CyberArk Software shares from $186.00 to $191.00 and gave the company an overweight rating in a Friday, Feb. 11 research report. KeyCorp began covering CyberArk Software stocks in a research report on Monday, April 4. They issued an overweight rating and a price target of $217.00 for the company. Finally, Wells Fargo & Company cut its price target on CyberArk Software stock from $170.00 to $125.00 in a research report on Friday. Three equity research analysts gave the stock a hold rating and fifteen gave the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus buy rating and a consensus target price of $180.72.

Shares of NASDAQ CYBR traded at $13.07 in Friday’s midday session, reaching $133.57. 958,419 shares were traded, against an average volume of 417,777. CyberArk Software has a 12-month low of $100.35 and a 12-month high of $201.68. The company has a quick ratio of 3.12, a current ratio of 3.12 and a leverage ratio of 0.72. The company has a 50-day simple moving average of $157.54 and a 200-day simple moving average of $160.74.

CyberArk Software (NASDAQ: CYBRGet a rating) last reported results on Thursday, May 12. The technology company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.01. CyberArk Software had a negative net margin of 16.69% and a negative return on equity of 9.01%. The company posted revenue of $127.60 million in the quarter, versus a consensus estimate of $130.43 million. In the same quarter last year, the company achieved EPS of ($0.28). The company’s revenue for the quarter increased 13.1% on an annual basis. On average, stock research analysts expect CyberArk Software to post -3.36 earnings per share for the current year.

Several large investors have recently changed their positions in the company. EverSource Wealth Advisors LLC acquired a new position in CyberArk Software stock during the fourth quarter worth approximately $26,000. Parallel Advisors LLC increased its stake in CyberArk Software shares by 77.2% during the first quarter. Parallel Advisors LLC now owns 163 shares of the technology company worth $28,000 after acquiring 71 additional shares during the period. Endurance Wealth Management Inc. acquired a new position in CyberArk Software stock during the first quarter worth approximately $42,000. Future Financial Wealth Management LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth approximately $51,000. Finally, Private Capital Group LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth approximately $72,000. 89.52% of the shares are held by institutional investors and hedge funds.

CyberArk Software Company Profile (Get a rating)

CyberArk Software Ltd., together with its subsidiaries, develops, markets and sells software-based security solutions and services in the United States, Europe, the Middle East, Africa and internationally. Its solutions include Privileged Access Manager which provides risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces the risk of excessive privileges by implementing least privilege in cloud environments.

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