Free Trial

William Blair Reaffirms Market Perform Rating for CyberArk Software (NASDAQ:CYBR)

CyberArk Software logo with Computer and Technology background

Key Points

  • William Blair has reaffirmed its "market perform" rating for CyberArk Software (NASDAQ:CYBR), indicating a neutral outlook on the stock.
  • Multiple brokerages have rated CyberArk, with Roth Capital initiating coverage with a "buy" rating and a price target of $415, while DA Davidson raised its target to $465.
  • CyberArk reported earnings of $0.98 per share, exceeding expectations, with a significant year-over-year revenue growth of 43.3% to $317.6 million for the quarter.
  • Five stocks we like better than CyberArk Software.

CyberArk Software (NASDAQ:CYBR - Get Free Report)'s stock had its "market perform" rating reiterated by research analysts at William Blair in a research note issued on Wednesday, MarketBeat reports.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $420.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Barclays upped their price objective on CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $420.00 price objective on shares of CyberArk Software in a research report on Tuesday, July 22nd. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $433.39.

Get Our Latest Research Report on CyberArk Software

CyberArk Software Price Performance

Shares of NASDAQ CYBR traded up $2.53 during mid-day trading on Wednesday, hitting $414.00. 3,227,349 shares of the stock traded hands, compared to its average volume of 2,003,482. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 1.29. CyberArk Software has a twelve month low of $230.00 and a twelve month high of $452.00. The company has a market cap of $20.46 billion, a PE ratio of -122.85 and a beta of 0.96. The firm has a 50 day simple moving average of $391.99 and a two-hundred day simple moving average of $368.01.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The company had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. During the same period in the previous year, the business earned $0.54 EPS. The firm's revenue was up 46.0% compared to the same quarter last year. As a group, equities research analysts forecast that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

A number of institutional investors have recently added to or reduced their stakes in CYBR. Thoma Bravo L.P. bought a new position in shares of CyberArk Software during the 4th quarter valued at about $380,637,000. Price T Rowe Associates Inc. MD increased its position in shares of CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock valued at $330,964,000 after purchasing an additional 921,523 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company's stock valued at $250,290,000 after purchasing an additional 335,634 shares during the last quarter. Amundi boosted its holdings in CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company's stock valued at $179,547,000 after acquiring an additional 331,498 shares during the period. Finally, Congress Asset Management Co. boosted its holdings in CyberArk Software by 304.2% during the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after acquiring an additional 250,441 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.

About CyberArk Software

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

Should You Invest $1,000 in CyberArk Software Right Now?

Before you consider CyberArk Software, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CyberArk Software wasn't on the list.

While CyberArk Software currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest in Today: Capitalizing on AI and Tech Trends in 2025 Cover

Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Value Plays Set to Explode
5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines