CyberArk Software (NASDAQ:CYBR) Price Target Cut to $175.00 by Analysts at Mizuho

CyberArk Software (NASDAQ:CYBR – Get Rating) had its price target decreased by Mizuho from $185.00 to $175.00 in a research report released on Friday, Benzinga reports. Mizuho currently has a buy rating on the technology company’s stock.

Several other brokerages also recently weighed in on CYBR. Morgan Stanley lowered their price target on shares of CyberArk Software from $184.00 to $162.00 and set an overweight rating on the stock in a report on Thursday, January 12th. Barclays lowered their price target on shares of CyberArk Software from $168.00 to $150.00 and set an overweight rating on the stock in a report on Wednesday, January 11th. StockNews.com assumed coverage on shares of CyberArk Software in a research report on Wednesday, October 12th. They set a hold rating on the stock. Needham & Company LLC lifted their price objective on shares of CyberArk Software from $175.00 to $180.00 and gave the company a buy rating in a research report on Friday, November 4th. Finally, Piper Sandler reduced their price objective on shares of CyberArk Software from $190.00 to $160.00 in a research report on Thursday, January 5th. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of Moderate Buy and a consensus target price of $172.39.

CyberArk Software Stock Performance

CYBR opened at $131.61 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.87. The company has a market cap of $5.36 billion, a price-to-earnings ratio of -42.59 and a beta of 1.04. The company’s 50 day moving average is $135.51 and its 200 day moving average is $141.56. CyberArk Software has a 12-month low of $100.35 and a 12-month high of $180.01.

CyberArk Software (NASDAQ:CYBR – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The technology company reported ($0.67) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.23. The company had revenue of $152.67 million for the quarter, compared to the consensus estimate of $151.18 million. CyberArk Software had a negative net margin of 21.79% and a negative return on equity of 16.23%. On average, equities research analysts predict that CyberArk Software will post -3.43 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. First Trust Advisors LP increased its position in CyberArk Software by 1.1% during the third quarter. First Trust Advisors LP now owns 1,197,670 shares of the technology company’s stock valued at $179,579,000 after acquiring an additional 12,772 shares during the last quarter. Legal & General Group Plc increased its position in CyberArk Software by 5.8% during the second quarter. Legal & General Group Plc now owns 1,114,055 shares of the technology company’s stock valued at $142,554,000 after acquiring an additional 61,334 shares during the last quarter. Artisan Partners Limited Partnership increased its position in CyberArk Software by 1.0% during the third quarter. Artisan Partners Limited Partnership now owns 902,654 shares of the technology company’s stock valued at $135,344,000 after acquiring an additional 8,973 shares during the last quarter. abrdn plc boosted its stake in shares of CyberArk Software by 0.9% during the second quarter. abrdn plc now owns 575,354 shares of the technology company’s stock valued at $75,023,000 after purchasing an additional 5,040 shares during the period. Finally, Jennison Associates LLC purchased a new stake in shares of CyberArk Software during the third quarter valued at $83,093,000. Institutional investors own 91.52% of the company’s stock.

About CyberArk Software

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CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.