CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) – Scotiabank analysts released their fiscal 2024 EPS estimates for CyberArk Software in a note issued to investors on Wednesday, January 8. Scotiabank analyst P. Colville expects the technology company to post earnings of ($0.55) per share this year. Scotiabank currently has a Sector Outperform rating and a $340.00 price target on the stock. The consensus estimate for CyberArk Software’s current full-year earnings is ($0.58) per share. Scotiabank also released estimates for CyberArk Software’s fiscal 2025 earnings per share of ($0.20).
CYBR has been the subject of several other research reports. Robert W. Baird lifted their target price on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17. Oppenheimer raised their price target on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22. Jefferies Financial Group raised their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24. StockNews.com upgraded shares of CyberArk Software from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Susquehanna raised their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $350.22.
Check out our latest stock report on CYBR
CyberArk software trading drops 0.2%
CYBR opened at $343.79 on Monday. The company has a 50-day moving average of $318.20 and a two-hundred-day moving average of $290.39. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 1,273.34 and a beta of 1.13. CyberArk Software has a 12-month low of $213.37 and a 12-month high of $348.29.
CyberArk Software (NASDAQ:CYBR – Get Free Report) last reported its quarterly earnings data on Wednesday, November 13. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same period last year, the company earned ($0.31) earnings per share. The company’s revenue rose 25.6% year over year.
Institutional trading of CyberArk software
Institutional investors and hedge funds have recently been buying and selling shares of the company. Choreo LLC acquired a new position in shares of CyberArk Software during the second quarter valued at approximately $302,000. DekaBank Deutsche Girozentrale increased its stake in CyberArk Software shares by 10.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,444 shares of the technology company’s stock worth $657,000, after acquiring an additional 229 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in CyberArk Software shares by 31.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 13,333 shares of the technology company’s stock worth $3,646,000 after acquiring an additional 3,208 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of CyberArk Software by 506.7% in the second quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company’s stock valued at $1,795,000 after acquiring an additional 5,483 shares in the last quarter. Finally, Primecap Management Co. CA increased its stake in CyberArk Software by 0.5% in the second quarter. Primecap Management Co. CA now owns 61,850 shares of the technology company’s stock valued at $16,911,000 after purchasing an additional 300 shares during the period. 91.84% of the shares are currently owned by hedge funds and other institutional investors.
CyberArk Software Company Profile
(Get a free report)
CyberArk Software Ltd. together with its subsidiaries, develops, markets and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa and internationally. The solutions include Privileged Access Manager, which provides risk-based login security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.
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