CyberArk Software (NASDAQ:CYBR) Lowered to "Hold" Rating by Guggenheim

Key Points

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Guggenheim lowered shares of CyberArk Software (NASDAQ:CYBR - Free Report) from a strong-buy rating to a hold rating in a report released on Thursday morning, Marketbeat Ratings reports. They currently have $455.00 target price on the technology company's stock.

Several other research firms also recently issued reports on CYBR. Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Stifel Nicolaus reaffirmed a "hold" rating and set a $444.00 price target on shares of CyberArk Software in a research note on Thursday. DA Davidson raised their price target on CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Cantor Fitzgerald reissued an "overweight" rating and set a $420.00 price objective on shares of CyberArk Software in a report on Tuesday, July 22nd. Finally, UBS Group lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and raised their target price for the company from $480.00 to $485.00 in a research note on Thursday. Seventeen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $433.39.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR traded down $5.00 during midday trading on Thursday, reaching $409.00. The company's stock had a trading volume of 1,980,093 shares, compared to its average volume of 2,164,878. The business's fifty day simple moving average is $391.99 and its 200-day simple moving average is $368.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. CyberArk Software has a fifty-two week low of $230.00 and a fifty-two week high of $452.00. The company has a market capitalization of $20.22 billion, a P/E ratio of -121.36 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating 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 analysts' expectations of $315.43 million. During the same quarter last year, the company posted $0.54 EPS. The company's quarterly revenue was up 46.0% compared to the same quarter last year. As a group, equities research analysts expect that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CYBR. Pinnacle Associates Ltd. boosted its position in CyberArk Software by 8.5% during the second quarter. Pinnacle Associates Ltd. now owns 3,250 shares of the technology company's stock valued at $1,322,000 after purchasing an additional 255 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in shares of CyberArk Software by 38.7% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,942 shares of the technology company's stock worth $790,000 after purchasing an additional 542 shares in the last quarter. Strs Ohio boosted its holdings in shares of CyberArk Software by 64.1% in the 2nd quarter. Strs Ohio now owns 155,166 shares of the technology company's stock valued at $63,134,000 after buying an additional 60,618 shares during the last quarter. Atria Investments Inc increased its holdings in CyberArk Software by 9.0% during the second quarter. Atria Investments Inc now owns 3,816 shares of the technology company's stock worth $1,553,000 after buying an additional 315 shares during the last quarter. Finally, Assetmark Inc. raised its position in CyberArk Software by 1,345.6% during the second quarter. Assetmark Inc. now owns 4,727 shares of the technology company's stock worth $1,923,000 after acquiring an additional 4,400 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.