Cyberark Software (NASDAQ:CYBR) issued its quarterly earnings data on Tuesday. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.23 by $0.33, MarketWatch Earnings reports. Cyberark Software had a net margin of 13.72% and a return on equity of 12.24%. The firm had revenue of $95.94 million for the quarter, compared to analyst estimates of $92.42 million. During the same period in the prior year, the business posted $0.32 EPS. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year.
Shares of CYBR opened at $123.00 on Thursday. Cyberark Software has a twelve month low of $58.39 and a twelve month high of $133.49. The firm has a market capitalization of $4.47 billion, a PE ratio of 86.01, a PEG ratio of 5.33 and a beta of 1.87.
Several brokerages have recently commented on CYBR. Morgan Stanley upped their price objective on shares of Cyberark Software from $133.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday. Mizuho increased their target price on shares of Cyberark Software from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. Citigroup reiterated an “outperform” rating and set a $130.00 target price (up from $111.00) on shares of Cyberark Software in a report on Wednesday. JMP Securities reiterated an “outperform” rating and set a $135.00 target price (up from $130.00) on shares of Cyberark Software in a report on Tuesday. Finally, BidaskClub lowered shares of Cyberark Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $107.55.
A hedge fund recently raised its stake in Cyberark Software stock. Geode Capital Management LLC grew its position in Cyberark Software Ltd (NASDAQ:CYBR) by 29.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,974 shares of the technology company’s stock after purchasing an additional 10,592 shares during the quarter. Geode Capital Management LLC owned approximately 0.13% of Cyberark Software worth $3,482,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 80.76% of the company’s stock.
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About Cyberark Software
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.
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