Cyberark Software (NASDAQ:CYBR) Upgraded by BidaskClub to Buy

Share on StockTwits

BidaskClub upgraded shares of Cyberark Software (NASDAQ:CYBR) from a hold rating to a buy rating in a report issued on Saturday morning, BidAskClub reports.

Several other equities analysts have also commented on CYBR. ValuEngine raised Cyberark Software from a sell rating to a hold rating in a research note on Friday, November 1st. Barclays decreased their price target on Cyberark Software from $140.00 to $119.00 and set an equal weight rating on the stock in a research note on Monday, October 7th. Wedbush reaffirmed an outperform rating on shares of Cyberark Software in a research note on Wednesday, November 6th. Zacks Investment Research lowered Cyberark Software from a buy rating to a hold rating and set a $125.00 price target on the stock. in a research note on Friday, January 3rd. Finally, Evercore ISI set a $140.00 target price on Cyberark Software and gave the stock a buy rating in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Cyberark Software currently has an average rating of Buy and an average target price of $139.63.

Shares of Cyberark Software stock opened at $136.81 on Friday. Cyberark Software has a 52 week low of $74.86 and a 52 week high of $148.74. The business’s fifty day simple moving average is $122.79 and its 200-day simple moving average is $117.63. The firm has a market cap of $5.14 billion, a PE ratio of 95.67, a price-to-earnings-growth ratio of 5.46 and a beta of 1.59.

Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.18. Cyberark Software had a return on equity of 12.94% and a net margin of 16.09%. The business had revenue of $108.12 million for the quarter, compared to analyst estimates of $103.04 million. During the same quarter in the prior year, the company posted $0.48 EPS. The company’s quarterly revenue was up 27.7% on a year-over-year basis. On average, research analysts expect that Cyberark Software will post 1.56 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of CYBR. Lenox Wealth Advisors LLC acquired a new position in Cyberark Software during the 4th quarter worth about $27,000. AdvisorNet Financial Inc acquired a new stake in Cyberark Software in the 3rd quarter valued at about $30,000. First Quadrant L P CA acquired a new stake in Cyberark Software in the 3rd quarter valued at about $34,000. Quadrant Capital Group LLC acquired a new stake in Cyberark Software in the 3rd quarter valued at about $37,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Cyberark Software in the 3rd quarter valued at about $43,000. 79.44% of the stock is currently owned by hedge funds and other institutional investors.

Cyberark Software Company Profile

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.

Read More: Treasury Bonds

Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

Receive News & Ratings for Cyberark Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyberark Software and related companies with's FREE daily email newsletter.