CyberArk Software's (CYBR) Market Perform Rating Reaffirmed at JMP Securities

Key Points

• CyberArk Software's stock rating was reaffirmed as "market perform" by JMP Securities, while several other analysts have adjusted their ratings, with a consensus rating of "Hold" and a price target of $435.11.
• The company reported a quarterly revenue of $328.03 million, exceeding expectations and marking a 46.0% year-over-year increase, alongside an earnings per share (EPS) of $0.88.
• CyberArk Software's current market capitalization is approximately $24.28 billion, with shares currently trading around $491.10, showing a significant increase from its one-year low of $269.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities research analysts at JMP Securities in a research report issued on Tuesday,Benzinga reports.

Several other equities research analysts have also issued reports on the stock. UBS Group lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and increased their price objective for the stock from $480.00 to $485.00 in a research report on Thursday, July 31st. Needham & Company LLC increased their price objective on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 price objective on shares of CyberArk Software in a research report on Tuesday, July 22nd. Stifel Nicolaus restated a "hold" rating and issued a $444.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Finally, Guggenheim downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price for the company. in a research note on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and eighteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $491.10 on Tuesday. CyberArk Software has a one year low of $269.00 and a one year high of $493.85. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The company has a 50 day moving average price of $430.67 and a 200 day moving average price of $386.37. The firm has a market capitalization of $24.28 billion, a price-to-earnings ratio of -145.73 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. CyberArk Software's revenue for the quarter was up 46.0% compared to the same quarter last year. Sell-side analysts anticipate that CyberArk Software will post -0.47 EPS for the current year.

Institutional Trading of CyberArk Software

Large investors have recently modified their holdings of the company. 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 worth $26,000 after acquiring an additional 39 shares during the period. Whipplewood Advisors LLC increased its holdings in shares of CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares during the period. Opal Wealth Advisors LLC acquired a new position in CyberArk Software during the 2nd quarter valued at about $30,000. NewSquare Capital LLC increased its stake in CyberArk Software by 78.0% during the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company's stock valued at $30,000 after buying an additional 32 shares during the period. Finally, Bessemer Group Inc. increased its stake in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares during the period. 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.

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