BidaskClub cut shares of Cyberark Software (NASDAQ:CYBR) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday, September 18th.

A number of other brokerages also recently weighed in on CYBR. Morgan Stanley boosted their price target on Cyberark Software from $65.00 to $71.00 and gave the stock an equal weight rating in a research report on Wednesday, August 8th. Stifel Nicolaus reissued a buy rating and set a $70.00 price target on shares of Cyberark Software in a research report on Thursday, August 9th. Zacks Investment Research downgraded Cyberark Software from a buy rating to a hold rating in a research report on Monday, August 13th. Oppenheimer boosted their price objective on Cyberark Software from $65.00 to $75.00 and gave the stock an outperform rating in a report on Wednesday, August 8th. Finally, UBS Group boosted their price objective on Cyberark Software from $71.00 to $74.00 and gave the stock a buy rating in a report on Wednesday, August 8th. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Cyberark Software currently has an average rating of Buy and a consensus price target of $73.25.

Shares of NASDAQ:CYBR traded up $2.10 during midday trading on Tuesday, reaching $69.80. The company had a trading volume of 506,685 shares, compared to its average volume of 469,093. The company has a market cap of $2.84 billion, a P/E ratio of 95.62, a P/E/G ratio of 5.30 and a beta of 2.06. Cyberark Software has a 1-year low of $40.63 and a 1-year high of $81.24.

Cyberark Software (NASDAQ:CYBR) last released its earnings results on Tuesday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.12. The business had revenue of $77.71 million for the quarter, compared to the consensus estimate of $72.93 million. Cyberark Software had a return on equity of 7.67% and a net margin of 6.80%. Research analysts anticipate that Cyberark Software will post 0.76 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. FundX Investment Group LLC bought a new position in Cyberark Software in the 2nd quarter valued at about $220,000. Allianz Asset Management GmbH bought a new position in Cyberark Software in the 1st quarter valued at about $228,000. Russell Investments Group Ltd. bought a new position in Cyberark Software in the 2nd quarter valued at about $238,000. Koch Industries Inc. bought a new position in Cyberark Software in the 1st quarter valued at about $242,000. Finally, CIBC World Markets Inc. bought a new position in Cyberark Software in the 1st quarter valued at about $245,000. 76.90% of the stock is currently owned by institutional investors.

Cyberark Software Company Profile

CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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