CyberArk Software Ltd. (NASDAQ:CYBR) – Analysts at Imperial Capital issued their FY2017 earnings estimates for CyberArk Software in a research note issued on Monday. Imperial Capital analyst M. Kim anticipates that the technology company will post earnings per share of $0.57 for the year. Imperial Capital has a “In-Line” rating and a $42.00 price objective on the stock. Imperial Capital also issued estimates for CyberArk Software’s Q4 2017 earnings at $0.22 EPS.
CYBR has been the topic of several other reports. ValuEngine downgraded shares of CyberArk Software from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of CyberArk Software from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Needham & Company LLC reiterated a “buy” rating and set a $55.00 target price on shares of CyberArk Software in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of CyberArk Software from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Deutsche Bank AG downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and cut their target price for the stock from $60.00 to $45.00 in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. CyberArk Software currently has a consensus rating of “Buy” and a consensus price target of $49.91.
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Shares of CyberArk Software (NASDAQ CYBR) opened at $44.21 on Thursday. CyberArk Software has a 1 year low of $39.34 and a 1 year high of $56.25. The company has a market cap of $1,575.88, a P/E ratio of 70.88, a P/E/G ratio of 3.72 and a beta of 2.56.
Large investors have recently added to or reduced their stakes in the company. Credit Suisse AG increased its stake in shares of CyberArk Software by 17.9% in the 1st quarter. Credit Suisse AG now owns 210,016 shares of the technology company’s stock valued at $10,684,000 after acquiring an additional 31,889 shares in the last quarter. Nicholas Company Inc. increased its stake in shares of CyberArk Software by 15.6% in the 2nd quarter. Nicholas Company Inc. now owns 106,835 shares of the technology company’s stock valued at $5,336,000 after acquiring an additional 14,385 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of CyberArk Software in the 2nd quarter valued at $8,521,000. Matrix Capital Management Company LP bought a new stake in shares of CyberArk Software in the 2nd quarter valued at $74,650,000. Finally, Mark Sheptoff Financial Planning LLC increased its stake in shares of CyberArk Software by 44.5% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 6,575 shares of the technology company’s stock valued at $328,000 after acquiring an additional 2,024 shares in the last quarter. Institutional investors own 79.02% of the company’s stock.
CyberArk Software Company Profile
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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