The price of CyberArk Software Ltd. (NASDAQ:CYBR) shares last traded on Wall Street rose 6.61% to $127.85.
Based on available information, 26 analysts follow CyberArk Software Ltd. (NASDAQ:CYBR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $200.00 and a low of $145.00, we find $177.50. Given the previous closing price of $119.92, this indicates a potential upside of 48.02 percent. CYBR stock price is now -7.54% away from the 50-day moving average and -10.68% away from the 200-day moving average. The market capitalization of the company currently stands at $5.19B.
Among analysts, 2 rate the stock a hold while 21 rate it a buy. Brokers who have rated the stock have averaged $174.42 as their price target over the next twelve months.
With the price target of $145, SMBC Nikko recently initiated with Neutral rating for CyberArk Software Ltd. (NASDAQ: CYBR). On December 16, 2022, DA Davidson recently initiated its ‘Buy’ rating on the stock quoting a target price of $175, while ‘Robert W. Baird’ rates the stock as ‘Outperform’.
A total of 0.02% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CYBR stock. A new stake in CyberArk Software Ltd. shares was purchased by JENNISON ASSOCIATES LLC during the first quarter worth $70,851,000. SCHONFELD STRATEGIC ADVISORS LLC invested $36,834,000 in shares of CYBR during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in CyberArk Software Ltd. valued at approximately $28,975,000. ANOMALY CAPITAL MANAGEMENT, LP acquired a new stake in CYBR for approximately $22,637,000. BALYASNY ASSET MANAGEMENT LLC purchased a new stake in CYBR valued at around $21,195,000 in the second quarter. In total, there are 526 active investors with 96.10% ownership of the company’s stock.
A candlestick chart of CyberArk Software Ltd. (NASDAQ: CYBR) showed a price of $120.04 on Tuesday morning. During the past 12 months, CyberArk Software Ltd. has had a low of $100.35 and a high of $180.01. As of last week, the company has a debt-to-equity ratio of 0.87, a current ratio of 2.70, and a quick ratio of 2.70. The fifty day moving average price for CYBR is $138.28 and a two-hundred day moving average price translates $143.13 for the stock.
The latest earnings results from CyberArk Software Ltd. (NASDAQ: CYBR) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.27, beating analysts’ expectations of -$0.3 by 0.03. This compares to -$0.73 EPS in the same period last year. The net profit margin was -21.80% and return on equity was -18.40% for CYBR. The company reported revenue of $152.67 million for the quarter, compared to $121.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.55 percent. For the current quarter, analysts expect CYBR to generate $150.74M in revenue.
CyberArk Software Ltd.(CYBR) Company Profile
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. The company also offers robust Identity and Access Management as a Services, such as workforce identity, which offers adaptive multi-factor authentication (MFA), single sign-on, secure Web sessions, application gateway, identity lifecycle management, and directory services; and customer identity services that provides authentication and authorization services, MFA, directory, and user management to enable organizations to provide their customers with easy and secure access to websites and applications. In addition, it offers Secrets Manager Credential Providers to provide and manage the credentials used by third-party solutions; and Secrets Manager Conjur for cloud-native applications. The company provides its products to financial services, manufacturing, insurance, healthcare, energy and utilities, transportation, retail, technology, and telecommunications industries; and government agencies through direct sales force, as well as distributors, systems integrators, value-added resellers, and managed security service providers. CyberArk Software Ltd. was founded in 1999 and is headquartered in Petah Tikva, Israel.