CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) – Investment analysts at Oppenheimer said in a research note published on Tuesday, January 3 that CyberArk Software’s third quarter 2023 share price We’ve increased our profit per estimate. Oppenheimer analyst I. Kidron now expects the tech company to earn ($0.86) per share in his quarter, up from his previous estimate ($0.87). CyberArk Software’s current consensus estimate for annual earnings is ($3.44) per share. Oppenheimer also issued an estimate of CyberArk Software’s fourth quarter 2023 earnings at ($0.49) EPS.
Several other equity research analysts have also commented on CYBR. DA Davidson started his article on Cyber Ark Software in his research notes on Thursday, December 15th. They set a “buy” rating and set a company price target of $175.00. Cantor Fitzgerald started his article on Cyber Ark Software in Research Notes on Thursday, September 8th. They set an “overweight” rating and the firm’s price target he set at $180.00. KeyCorp lowered CyberArk Software’s price target from $190.00 to $189.00, setting an “overweight” valuation for the company in its research notes on Wednesday, November 16th. Cowen launched his Cyber Ark Software article in Research Notes on Thursday, September 29th. They set an “excellent” rating for the company. Finally, Robert W. Baird restated his “Outperform” rating in his Wednesday, October 19th research notes and set a price target of $182.00 on Cyber Ark Software’s stock. Four analysts rated the stock with a hold rating and 19 analysts gave the company a buy rating. According to MarketBeat.com data, the stock currently has an average rating of “moderate buy” and a consensus target price of $176.83.
CyberArk Software stock performance
CyberArk Software shares opened Thursday at $129.27. The company has a market capitalization of $5.26 billion, a P/E ratio of -41.83 and a beta of 1.04. His 50-day moving average price for this stock is $142.08 and its 200-day moving average price is $142.43. CyberArk Software has a 52-week low of $100.35 and a 52-week high of $180.01. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt to equity ratio of 0.87.
institution inflow and outflow
A number of institutional investors and hedge funds have recently bought and sold shares in this business. Edmond DE Rothschild Holding SA increased his Cyber Ark Software holding by 4.8% in the second quarter. Edmond DE Rothschild Holding SA now owns 1,648 shares in the technology company worth $211,000 after purchasing an additional 75 of his shares during the previous quarter. Comerica Bank raised his Cyber Ark Software stake by 2.9% in the third quarter. He now owns 2,702 shares of the tech company worth $402,000 after Comerica Bank bought 77 more shares last quarter. Quadrant Capital Group LLC increased his Cyber Ark Software stake by 14.3% in the second quarter. Quadrant Capital Group LLC now owns 630 shares worth $81,000 in technology companies after purchasing an additional 79 shares last quarter. MML Investors Services LLC increased its stake in CyberArk Software by 6.1% in the third quarter. MML Investors Services LLC now owns 1,704 shares of the technology company worth $255,000 after purchasing an additional 98 shares last quarter. Finally, Pinnacle Associates Ltd. increased its CyberArk Software stake by 3.9% in the second quarter. Pinnacle Associates Ltd. now owns 2,650 shares of the technology company worth $339,000 after purchasing an additional 100 shares last quarter. Hedge funds and other institutional investors own 91.52% of the company’s shares.
About CyberArk Software
CyberArk Software Ltd., together with its subsidiaries, develops, markets and sells software-based security solutions and services in the United States, Europe, Middle East, Africa and internationally. Its solutions include Privileged Access Manager, which provides 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 protects entitlements on endpoints. Cloud Entitlements Manager is his SaaS solution that implements least privilege across cloud environments to reduce the risk from over-entitlement.
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