FY2024 EPS Estimate for CyberArk Software Lifted by Analyst

CyberArk Software Ltd. (NASDAQ:CYBR) – Stock analysts at Cantor Fitzgerald upped their FY2024 earnings per share (EPS) estimates for CyberArk Software in a research report issued on Monday, January 27th. Cantor Fitzgerald analyst J. Ruykhaver now forecasts that the technology company will earn ($0.55) per share for the year, up from their previous forecast of ($0.56). Cantor Fitzgerald has a “Overweight” rating and a $415.00 price objective on the stock. The consensus estimate for CyberArk Software’s current full-year earnings is ($0.58) per share. Cantor Fitzgerald also issued estimates for CyberArk Software’s FY2025 earnings at ($0.28) EPS.

Several other brokerages also recently issued reports on CYBR. Stifel Nicolaus upped their price target on shares of CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Scotiabank upped their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Barclays lifted their price target on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Robert W. Baird upped their price objective on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Finally, Susquehanna raised their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $367.44.

CyberArk Software Trading Up 0.8 %

Shares of CyberArk Software stock opened at $371.63 on Wednesday. CyberArk Software has a 1 year low of $223.09 and a 1 year high of $377.22. The firm has a market capitalization of $16.19 billion, a PE ratio of 1,376.46 and a beta of 1.13. The firm’s 50 day moving average is $333.24 and its 200 day moving average is $297.93.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.31) earnings per share.

Institutional Investors Weigh In On CyberArk Software

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in shares of CyberArk Software by 506.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company’s stock worth $1,795,000 after purchasing an additional 5,483 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of CyberArk Software during the second quarter valued at approximately $164,000. MBB Public Markets I LLC acquired a new position in shares of CyberArk Software during the second quarter worth approximately $801,000. Mackenzie Financial Corp lifted its holdings in shares of CyberArk Software by 8.6% in the 2nd quarter. Mackenzie Financial Corp now owns 3,217 shares of the technology company’s stock worth $880,000 after purchasing an additional 256 shares in the last quarter. Finally, Creative Planning grew its position in CyberArk Software by 15.0% in the 2nd quarter. Creative Planning now owns 10,500 shares of the technology company’s stock valued at $2,871,000 after purchasing an additional 1,369 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Company Profile

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.