Cyberark Software (NASDAQ:CYBR) Raised to “Buy” at BidaskClub

BidaskClub upgraded shares of Cyberark Software (NASDAQ:CYBR) from a hold rating to a buy rating in a research note published on Saturday morning, BidAskClub reports.

Several other brokerages have also recently issued reports on CYBR. Zacks Investment Research upgraded Golub Capital BDC from a hold rating to a buy rating and set a $20.00 price objective for the company in a research note on Tuesday, July 16th. Berenberg Bank reiterated a buy rating and issued a GBX 3,600 ($47.04) price objective on shares of in a research note on Friday, May 31st. Bank of America upgraded Esperion Therapeutics from an underperform rating to a neutral rating in a research note on Monday, May 6th. Morgan Stanley restated an overweight rating and set a C$125.00 target price on shares of Intact Financial in a research note on Wednesday, May 15th. Finally, JMP Securities upgraded Heritage Insurance from a market perform rating to an outperform rating and set a $19.00 target price for the company in a research note on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $113.00.

Shares of CYBR opened at $140.69 on Friday. The firm has a 50-day moving average of $133.29. The stock has a market cap of $5.31 billion, a PE ratio of 98.38, a PEG ratio of 7.73 and a beta of 1.58. Cyberark Software has a 1 year low of $59.02 and a 1 year high of $148.74.

Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Tuesday, May 14th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.33. The business had revenue of $95.94 million during the quarter, compared to analysts’ expectations of $92.42 million. Cyberark Software had a return on equity of 12.73% and a net margin of 14.79%. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. Equities analysts forecast that Cyberark Software will post 1.2 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC lifted its stake in Cyberark Software by 2.3% in the second quarter. SeaCrest Wealth Management LLC now owns 3,275 shares of the technology company’s stock valued at $419,000 after buying an additional 75 shares during the last quarter. NEXT Financial Group Inc lifted its stake in Cyberark Software by 59.5% in the second quarter. NEXT Financial Group Inc now owns 319 shares of the technology company’s stock valued at $41,000 after buying an additional 119 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Cyberark Software by 3.6% in the first quarter. Eagle Asset Management Inc. now owns 5,087 shares of the technology company’s stock valued at $605,000 after buying an additional 177 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Cyberark Software by 100.0% in the first quarter. Global Retirement Partners LLC now owns 400 shares of the technology company’s stock valued at $48,000 after buying an additional 200 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Cyberark Software by 40.0% in the first quarter. Signaturefd LLC now owns 700 shares of the technology company’s stock valued at $83,000 after buying an additional 200 shares during the last quarter. Institutional investors own 71.68% of the company’s stock.

About Cyberark Software

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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