CyberArk Software's (CYBR) "Neutral" Rating Reiterated at Robert W. Baird

Key Points

• CyberArk Software's stock received a "neutral" rating from Robert W. Baird, with a price target of $460.00, suggesting an upside of 11.79% from its current price.
• In addition to Baird's rating, various firms have adjusted their ratings on CyberArk, with thirteen analysts holding a "hold" rating and sixteen assigning a "buy" rating.
• The company's recent earnings report showed a revenue increase of 46.0% year-over-year and earnings per share surpassing consensus estimates by $0.09.

CyberArk Software (NASDAQ:CYBR - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at Robert W. Baird in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $460.00 target price on the technology company's stock. Robert W. Baird's price objective indicates a potential upside of 11.79% from the stock's current price.

Other research analysts have also recently issued research reports about the company. William Blair cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday. UBS Group lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and raised their price objective for the stock from $480.00 to $485.00 in a report on Thursday. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Needham & Company LLC raised their price target on CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a report on Wednesday. Finally, DA Davidson upped their price objective on CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a report on Thursday. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CyberArk Software presently has a consensus rating of "Moderate Buy" and an average price target of $433.39.

CyberArk Software Stock Down 5.5%

NASDAQ:CYBR opened at $411.47 on Friday. The stock has a market cap of $20.34 billion, a PE ratio of -122.10 and a beta of 1.00. CyberArk Software has a fifty-two week low of $230.00 and a fifty-two week high of $452.00. The firm's fifty day simple moving average is $391.33 and its 200-day simple moving average is $367.51.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 13.78%. The business's revenue was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. Equities analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds have recently made changes to their positions in CYBR. Golden State Wealth Management LLC boosted its stake 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 purchasing an additional 39 shares in the last quarter. Whipplewood Advisors LLC increased its stake in shares of CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of CyberArk Software in the second quarter valued at about $30,000. Bessemer Group Inc. raised its holdings in shares of 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 during the last quarter. Finally, Morse Asset Management Inc bought a new position in shares of CyberArk Software in the first quarter valued at about $34,000. 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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