Stephens Downgrades CyberArk Software (NASDAQ:CYBR) to Hold

Key Points

• Stephens downgraded CyberArk Software from a "strong-buy" to a "hold" rating, signaling a shift in investor sentiment towards the stock.
• Analysts have varied opinions on CyberArk, with a consensus rating of "Hold" and an average price target of $433.39, indicating limited short-term growth expectations.
• Despite a recent earnings report showing a 46% increase in revenue year-over-year, CyberArk's stock trades at a PE ratio of -122.85, reflecting ongoing financial challenges.

CyberArk Software (NASDAQ:CYBR - Get Free Report) was downgraded by Stephens from a "strong-buy" rating to a "hold" rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Rosenblatt Securities reiterated a "neutral" rating and issued a $445.00 price target on shares of CyberArk Software in a report on Friday. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a report on Thursday. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. KeyCorp cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, Oppenheimer reissued a "market perform" rating on shares of CyberArk Software in a research note on Friday. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $433.39.

CyberArk Software Price Performance

Shares of CYBR stock opened at $414.00 on Thursday. The stock's fifty day moving average is $391.99 and its 200-day moving average is $368.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 2.31. The stock has a market capitalization of $20.46 billion, a PE ratio of -122.85 and a beta of 0.96. CyberArk Software has a 52 week low of $230.00 and a 52 week high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its 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. The company had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The business's revenue for the quarter was up 46.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Equities research analysts expect that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

A number of hedge funds and other institutional investors have recently bought and sold shares of CYBR. Bessemer Group Inc. grew 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 purchasing an additional 80 shares in the last quarter. Golden State Wealth Management LLC grew its stake in CyberArk Software by 100.0% in the first 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. Mirae Asset Global Investments Co. Ltd. grew its stake in CyberArk Software by 17.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock valued at $627,000 after purchasing an additional 280 shares in the last quarter. Blue Trust Inc. grew its stake in CyberArk Software by 5.9% in the first quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock valued at $371,000 after purchasing an additional 61 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake 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. 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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