CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) – Equities researchers at DA Davidson issued their Q1 2024 earnings per share (EPS) estimates for CyberArk Software in a report issued on Friday, February 9th. DA Davidson analyst R. Kessinger forecasts that the technology company will post earnings of ($0.57) per share for the quarter. The consensus estimate for CyberArk Software’s current full-year earnings is ($1.70) per share.
A number of other brokerages have also recently commented on CYBR. Stephens raised their target price on CyberArk Software from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, November 3rd. UBS Group upped their target price on CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Citigroup increased their price objective on CyberArk Software from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Needham & Company LLC increased their price objective on CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Rosenblatt Securities increased their target price on CyberArk Software from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.91.
CyberArk Software Stock Performance
Shares of CyberArk Software stock opened at $270.43 on Monday. CyberArk Software has a one year low of $120.11 and a one year high of $283.00. The company has a market cap of $11.10 billion, a price-to-earnings ratio of -166.93 and a beta of 1.06. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.22 and a current ratio of 1.08. The business’s 50 day moving average price is $222.40 and its 200 day moving average price is $187.41.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schulz Wealth LTD. purchased a new position in CyberArk Software in the fourth quarter valued at about $350,000. Evoke Wealth LLC purchased a new stake in shares of CyberArk Software during the fourth quarter worth about $3,495,000. TD Asset Management Inc increased its position in shares of CyberArk Software by 2.6% during the fourth quarter. TD Asset Management Inc now owns 11,330 shares of the technology company’s stock worth $2,482,000 after acquiring an additional 290 shares during the last quarter. Hsbc Holdings PLC increased its holdings in CyberArk Software by 80.8% in the fourth quarter. Hsbc Holdings PLC now owns 8,426 shares of the technology company’s stock valued at $1,853,000 after buying an additional 3,766 shares during the last quarter. Finally, Congress Wealth Management LLC DE increased its holdings in CyberArk Software by 1.9% in the fourth quarter. Congress Wealth Management LLC DE now owns 14,217 shares of the technology company’s stock valued at $3,114,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.
About CyberArk Software
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, 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.
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