FY2024 EPS Estimates for CyberArk Software Ltd. Lowered by Analyst (NASDAQ:CYBR)

CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) - Equities research analysts at Zacks Research decreased their FY2024 earnings per share estimates for CyberArk Software in a research report issued to clients and investors on Monday, April 29th. Zacks Research analyst A. Bhagat now expects that the technology company will post earnings of ($1.86) per share for the year, down from their prior estimate of ($1.85). The consensus estimate for CyberArk Software's current full-year earnings is ($1.46) per share. Zacks Research also issued estimates for CyberArk Software's Q2 2025 earnings at ($0.46) EPS and FY2026 earnings at ($0.58) EPS.

CYBR has been the topic of several other reports. BTIG Research started coverage on shares of CyberArk Software in a research note on Thursday, March 28th. They set a "buy" rating and a $317.00 target price on the stock. JMP Securities raised their price target on shares of CyberArk Software from $195.00 to $280.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 31st. Wells Fargo & Company raised their price target on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a report on Monday, January 29th. Bank of America restated a "buy" rating and set a $315.00 price target on shares of CyberArk Software in a report on Wednesday, April 24th. Finally, UBS Group increased their price objective on shares of CyberArk Software from $215.00 to $260.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.96.

CyberArk Software Price Performance

NASDAQ:CYBR traded down $2.09 during mid-day trading on Wednesday, hitting $237.16. The company's stock had a trading volume of 728,878 shares, compared to its average volume of 573,272. The business's fifty day moving average is $255.34 and its two-hundred day moving average is $225.39. CyberArk Software has a 1 year low of $120.11 and a 1 year high of $283.00. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of -146.39 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The company had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CYBR. Jennison Associates LLC boosted its holdings in shares of CyberArk Software by 81.4% in the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company's stock valued at $230,871,000 after acquiring an additional 472,961 shares in the last quarter. Polar Capital Holdings Plc boosted its holdings in CyberArk Software by 15.4% during the third quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company's stock worth $97,412,000 after buying an additional 79,506 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in CyberArk Software by 2.1% during the third quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company's stock worth $90,724,000 after buying an additional 11,387 shares in the last quarter. Norges Bank purchased a new stake in CyberArk Software during the fourth quarter worth about $100,797,000. Finally, Nomura Holdings Inc. lifted its holdings in shares of CyberArk Software by 9.5% in the third quarter. Nomura Holdings Inc. now owns 364,875 shares of the technology company's stock valued at $59,756,000 after purchasing an additional 31,660 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.