CyberArk Software (NASDAQ:CYBR) Shares Gap Up - Time to Buy?

Key Points

• CyberArk Software's stock price gapped up significantly from $421.10 to $446.32 before closing at $438.96, with a trading volume of 809,197 shares.
• Analysts have shown mixed sentiments with a consensus rating of "Hold" and a target price of $435.11, while several firms downgraded their ratings from "strong-buy" to "hold".
• The company reported a robust year-over-year revenue increase of 46.0%, with earnings per share of $0.88, surpassing analysts' expectations of $0.79.

Shares of CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $421.10, but opened at $446.32. CyberArk Software shares last traded at $438.96, with a volume of 809,197 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. BTIG Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Needham & Company LLC increased their target price on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. UBS Group lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and increased their target price for the stock from $480.00 to $485.00 in a research note on Thursday, July 31st. William Blair lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, Wedbush reaffirmed a "neutral" rating and set a $450.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $435.11.

CyberArk Software Price Performance

The firm has a market cap of $21.76 billion, a price-to-earnings ratio of -131.45 and a beta of 0.96. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The company's 50-day moving average price is $399.42 and its 200-day moving average price is $373.38.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The business had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business's quarterly revenue was up 46.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Institutional Trading of CyberArk Software

Several hedge funds have recently added to or reduced their stakes in CYBR. Mariner LLC raised its holdings in CyberArk Software by 2.1% in the fourth quarter. Mariner LLC now owns 5,769 shares of the technology company's stock valued at $1,921,000 after acquiring an additional 121 shares in the last quarter. Guggenheim Capital LLC acquired a new stake in CyberArk Software in the fourth quarter valued at approximately $296,000. GeoWealth Management LLC raised its holdings in CyberArk Software by 264.3% in the fourth quarter. GeoWealth Management LLC now owns 153 shares of the technology company's stock valued at $51,000 after acquiring an additional 111 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in CyberArk Software by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,684 shares of the technology company's stock valued at $2,227,000 after acquiring an additional 53 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in CyberArk Software by 28.2% in the fourth quarter. MetLife Investment Management LLC now owns 5,000 shares of the technology company's stock valued at $1,666,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Company Profile

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.