CyberArk Software (NASDAQ:CYBR) Stock Rating Lowered by Citizens Jmp

Key Points

• CyberArk Software was downgraded from a "strong-buy" to a "hold" rating by Citizens Jmp, reflecting changing analyst sentiment.
• The stock has received mixed reviews from various analysts, with a consensus rating of "Hold" and a price target averaging around $439.00.
• CyberArk reported strong earnings with a revenue increase of 46.0% year-over-year, outperforming analysts' expectations with $328.03 million in revenue.

CyberArk Software (NASDAQ:CYBR - Get Free Report) was downgraded by stock analysts at Citizens Jmp from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

CYBR has been the subject of several other research reports. Rosenblatt Securities cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 target price for the company. in a research note on Friday, August 1st. Barclays increased their price target on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Stephens lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. 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. Finally, Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a research report on Friday, August 1st. Twelve analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, CyberArk Software has a consensus rating of "Hold" and a consensus price target of $439.00.

CyberArk Software Stock Down 1.9%

NASDAQ CYBR opened at $481.69 on Tuesday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software has a 52 week low of $269.00 and a 52 week high of $493.85. The business's fifty day simple moving average is $432.81 and its 200-day simple moving average is $387.03. The firm has a market cap of $23.81 billion, a PE ratio of -142.93 and a beta of 1.03.

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

Hedge Funds Weigh In On CyberArk Software

Several large investors have recently bought and sold shares of CYBR. Bessemer Group Inc. raised its stake in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after acquiring an additional 39 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock worth $627,000 after acquiring an additional 280 shares in the last quarter. Blue Trust Inc. lifted its stake in CyberArk Software by 5.9% during the first quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after purchasing an additional 61 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in CyberArk Software by 9.1% in the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

About CyberArk Software

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.

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