Rosenblatt Securities Reaffirms “Neutral” Rating for CyberArk Software (NASDAQ:CYBR)

CyberArk Software (NASDAQ:CYBR)‘s stock had its “neutral” rating reissued by stock analysts at Rosenblatt Securities in a research note issued on Friday, Marketbeat Ratings reports. They presently have a $445.00 price objective on the technology company’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 7.49% from the company’s previous close.

A number of other equities research analysts have also weighed in on CYBR. Cantor Fitzgerald restated an “overweight” rating and set a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, July 22nd. Wedbush reiterated a “neutral” rating and issued a $450.00 target price on shares of CyberArk Software in a research note on Thursday. Barclays upped their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. KeyCorp cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Roth Capital began coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They set a “buy” rating and a $415.00 price objective for the company. Seventeen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $433.39.

CyberArk Software Price Performance

NASDAQ CYBR opened at $414.00 on Friday. The firm’s fifty day simple moving average is $391.99 and its two-hundred day simple moving average is $368.15. The company has a current ratio of 2.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. CyberArk Software has a 12-month low of $230.00 and a 12-month high of $452.00. The firm has a market capitalization of $20.46 billion, a P/E ratio of -122.85 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The firm had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 46.0% compared to the same quarter last year. Analysts forecast that CyberArk Software will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Several large investors have recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after buying an additional 39 shares in the last quarter. Whipplewood Advisors LLC boosted its stake in shares of CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock worth $27,000 after acquiring an additional 46 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of CyberArk Software during the 2nd quarter valued at about $30,000. Bessemer Group Inc. grew its position in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after acquiring an additional 80 shares during the period. Finally, Morse Asset Management Inc purchased a new position in shares of CyberArk Software in the 1st quarter valued at about $34,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.