CyberArk Software (NASDAQ:CYBR) Earns Overweight Rating from Cantor Fitzgerald

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

Several other research analysts have also issued reports on the stock. Morgan Stanley lowered shares of CyberArk Software from an overweight rating to an equal weight rating and increased their price target for the stock from $195.00 to $240.00 in a research note on Tuesday, January 9th. Wells Fargo & Company increased their price objective on shares of CyberArk Software from $250.00 to $275.00 and gave the company an overweight rating in a research report on Monday, January 29th. Bank of America reissued a buy rating and set a $315.00 price objective on shares of CyberArk Software in a research report on Wednesday, April 24th. JMP Securities increased their price objective on shares of CyberArk Software from $195.00 to $280.00 and gave the company a market outperform rating in a research report on Wednesday, January 31st. Finally, Rosenblatt Securities reissued a buy rating and set a $310.00 price objective on shares of CyberArk Software in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $265.63.

CyberArk Software Trading Down 2.7 %

NASDAQ:CYBR opened at $227.32 on Friday. CyberArk Software has a 52 week low of $125.15 and a 52 week high of $283.00. The company has a fifty day moving average of $254.41 and a 200 day moving average of $226.67.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The business had revenue of $223.10 million during the quarter, compared to analyst estimates of $209.65 million. On average, sell-side analysts predict that CyberArk Software will post -1.46 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in shares of CyberArk Software by 64.7% during the first quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company’s stock valued at $1,951,000 after buying an additional 2,885 shares during the last quarter. RiverPark Advisors LLC bought a new stake in shares of CyberArk Software during the first quarter valued at approximately $187,000. Central Pacific Bank Trust Division bought a new stake in shares of CyberArk Software during the first quarter valued at approximately $432,000. Nordea Investment Management AB raised its position in shares of CyberArk Software by 8.0% during the first quarter. Nordea Investment Management AB now owns 3,069 shares of the technology company’s stock valued at $822,000 after buying an additional 228 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of CyberArk Software by 18.5% during the first quarter. Janney Montgomery Scott LLC now owns 9,202 shares of the technology company’s stock valued at $2,444,000 after buying an additional 1,436 shares during the last quarter. 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.