CyberArk Software (NASDAQ:CYBR) Rating Reiterated by Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of CyberArk Software (NASDAQ:CYBR) in a research report report published on Friday, Benzinga reports. The firm currently has a $300.00 price target on the technology company’s stock.

CYBR has been the subject of a number of other reports. Wells Fargo & Company boosted their target price on CyberArk Software from $250.00 to $275.00 and gave the company an overweight rating in a research report on Monday, January 29th. Needham & Company LLC restated a buy rating and set a $310.00 price objective on shares of CyberArk Software in a report on Friday. BTIG Research assumed coverage on CyberArk Software in a report on Thursday, March 28th. They issued a buy rating and a $317.00 target price on the stock. Morgan Stanley lowered shares of CyberArk Software from an overweight rating to an equal weight rating and boosted their price target for the company from $195.00 to $240.00 in a research note on Tuesday, January 9th. Finally, KeyCorp raised their price objective on shares of CyberArk Software from $274.00 to $305.00 and gave the company an overweight rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $265.63.

CyberArk Software Stock Performance

Shares of CYBR opened at $235.64 on Friday. The firm has a market cap of $9.96 billion, a PE ratio of -368.19 and a beta of 1.06. CyberArk Software has a 52-week low of $133.84 and a 52-week high of $283.00. The business’s 50 day moving average price is $253.97 and its two-hundred day moving average price is $227.15.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. The company had revenue of $223.10 million for the quarter, compared to the consensus estimate of $209.65 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. Research analysts predict that CyberArk Software will post -1.46 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Several large investors have recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC purchased a new position in shares of CyberArk Software in the fourth quarter worth about $34,000. Arcadia Investment Management Corp MI purchased a new position in CyberArk Software in the 1st quarter valued at approximately $34,000. Blue Bell Private Wealth Management LLC bought a new stake in CyberArk Software during the 1st quarter valued at $34,000. Assetmark Inc. lifted its position in shares of CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after acquiring an additional 95 shares in the last quarter. Finally, Central Bank & Trust Co. bought a new position in shares of CyberArk Software in the first quarter worth $53,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

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.