Stifel Nicolaus Reaffirms "Hold" Rating for CyberArk Software (NASDAQ:CYBR)

Key Points

• Stifel Nicolaus has reaffirmed a "hold" rating for CyberArk Software, setting a target price of $444.00, indicating a potential upside of 2.02% from the previous close.
• A total of 23 analysts have given CyberArk a buy rating, with a consensus target price of $426.04 and a consensus rating of "Moderate Buy."
• CyberArk's stock has a fifty-two week range between $230.00 and $452.00, with a market capitalization of $21.51 billion.

Stifel Nicolaus reiterated their hold rating on shares of CyberArk Software (NASDAQ:CYBR - Free Report) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $444.00 price target on the technology company's stock.

Several other analysts also recently weighed in on the company. Robert W. Baird lifted their target price on CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Cantor Fitzgerald reissued an "overweight" rating and set a $420.00 target price on shares of CyberArk Software in a research note on Tuesday, July 22nd. Finally, Barclays upped their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $433.39.

CyberArk Software Stock Performance

NASDAQ CYBR traded up $2.53 during trading hours on Thursday, hitting $414.00. The company had a trading volume of 3,227,349 shares, compared to its average volume of 2,003,482. The company has a quick ratio of 1.29, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The firm has a market cap of $20.46 billion, a P/E ratio of -122.85 and a beta of 0.96. CyberArk Software has a fifty-two week low of $230.00 and a fifty-two week high of $452.00. The business has a fifty day simple moving average of $391.99 and a 200-day simple moving average of $368.01.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. During the same quarter last year, the company earned $0.54 EPS. The company's revenue for the quarter was up 46.0% compared to the same quarter last year. Equities analysts predict that CyberArk Software will post -0.47 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

A number of large investors have recently made changes to their positions in CYBR. Golden State Wealth Management LLC raised its stake in CyberArk Software by 100.0% during 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 during the period. Whipplewood Advisors LLC raised its position in CyberArk Software by 135.3% during 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 during the period. Opal Wealth Advisors LLC purchased a new stake in CyberArk Software in the 2nd quarter worth about $30,000. Bessemer Group Inc. boosted its position in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after acquiring an additional 80 shares during the period. Finally, Morse Asset Management Inc acquired a new stake in CyberArk Software during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 91.84% of the company's stock.

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.