CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) - Research analysts at Zacks Research raised their FY2024 earnings estimates for shares of CyberArk Software in a research note issued on Tuesday, December 3rd. Zacks Research analyst R. Department now forecasts that the technology company will post earnings per share of ($0.67) for the year, up from their prior forecast of ($1.19). The consensus estimate for CyberArk Software's current full-year earnings is ($0.62) per share. Zacks Research also issued estimates for CyberArk Software's Q4 2024 earnings at ($0.36) EPS, Q1 2025 earnings at ($0.22) EPS, Q2 2025 earnings at ($0.30) EPS, Q3 2025 earnings at ($0.28) EPS, Q4 2025 earnings at ($0.29) EPS, FY2025 earnings at ($1.09) EPS, Q1 2026 earnings at ($0.34) EPS, Q2 2026 earnings at ($0.49) EPS, Q3 2026 earnings at ($0.56) EPS and FY2026 earnings at ($1.49) EPS.
Other analysts have also recently issued reports about the company. Barclays lifted their price objective on CyberArk Software from $330.00 to $335.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Wedbush upped their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, October 1st. BTIG Research boosted their price target on CyberArk Software from $310.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Oppenheimer lifted their price objective on CyberArk Software from $310.00 to $360.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their target price on CyberArk Software from $315.00 to $330.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $328.37.
Check Out Our Latest Report on CyberArk Software
CyberArk Software Price Performance
CYBR traded down $4.35 during trading on Friday, hitting $323.22. 834,262 shares of the stock traded hands, compared to its average volume of 518,058. The firm has a 50-day moving average of $298.31 and a 200 day moving average of $275.29. CyberArk Software has a 12-month low of $198.01 and a 12-month high of $333.32. The firm has a market capitalization of $14.08 billion, a P/E ratio of 1,213.27 and a beta of 1.13.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The business's revenue was up 25.6% on a year-over-year basis.
Institutional Trading of CyberArk Software
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new stake in CyberArk Software in the second quarter valued at approximately $27,000. ORG Partners LLC purchased a new position in shares of CyberArk Software in the 2nd quarter valued at approximately $33,000. 1620 Investment Advisors Inc. acquired a new position in shares of CyberArk Software in the second quarter valued at approximately $39,000. Assetmark Inc. raised its stake in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after purchasing an additional 123 shares during the last quarter. Finally, Arcadia Investment Management Corp MI lifted its holdings in shares of CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock worth $50,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.
About CyberArk Software
(
Get 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. Its solutions include Privileged Access Manager, which offers risk-based credential 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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