CyberArk Software (NASDAQ:CYBR) Earns Buy Rating from Rosenblatt Securities

CyberArk Software (NASDAQ:CYBR)‘s stock had its “buy” rating reissued by equities research analysts at Rosenblatt Securities in a note issued to investors on Tuesday,Benzinga reports. They presently have a $445.00 price objective on the technology company’s stock. Rosenblatt Securities’ price target indicates a potential upside of 25.44% from the company’s current price.

CYBR has been the topic of several other research reports. Stephens started coverage on CyberArk Software in a report on Tuesday, April 1st. They set an “overweight” rating and a $440.00 price target on the stock. Stifel Nicolaus lifted their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Citigroup upped their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Truist Financial cut their price objective on CyberArk Software from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Finally, Barclays restated an “overweight” rating on shares of CyberArk Software in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $415.71.

CyberArk Software Price Performance

CyberArk Software stock opened at $354.76 on Tuesday. CyberArk Software has a one year low of $223.41 and a one year high of $421.00. The company’s fifty day moving average price is $341.83 and its two-hundred day moving average price is $339.56. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of -181.93 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, sell-side analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On CyberArk Software

A number of large investors have recently bought and sold shares of the business. Jennison Associates LLC grew its position in CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after acquiring an additional 391,900 shares during the last quarter. Thoma Bravo L.P. bought a new stake in CyberArk Software during the 4th quarter worth approximately $380,637,000. Invesco Ltd. grew its position in CyberArk Software by 12.2% during the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock worth $381,904,000 after acquiring an additional 122,423 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after acquiring an additional 921,523 shares during the last quarter. Finally, First Trust Advisors LP grew its position in CyberArk Software by 2.3% during the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company’s stock worth $313,084,000 after acquiring an additional 20,832 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

About CyberArk Software

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.