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

CyberArk Software (NASDAQ:CYBR)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a report issued on Friday, Benzinga reports. They presently have a $300.00 target price on the technology company’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 16.28% from the stock’s current price.

Several other research firms also recently weighed in on CYBR. Rosenblatt Securities restated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research report on Wednesday, May 1st. BTIG Research initiated coverage on shares of CyberArk Software in a research note on Thursday, March 28th. They set a “buy” rating and a $317.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a report on Monday, May 20th. JMP Securities restated a “market outperform” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Monday, June 17th. Finally, Wedbush reaffirmed an “outperform” rating and set a $285.00 price objective on shares of CyberArk Software in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, CyberArk Software has a consensus rating of “Moderate Buy” and an average price target of $270.83.

CyberArk Software Stock Performance

CYBR stock opened at $258.00 on Friday. The business’s 50-day moving average is $241.05 and its two-hundred day moving average is $241.23. CyberArk Software has a fifty-two week low of $142.92 and a fifty-two week high of $283.00. The company has a market cap of $10.90 billion, a price-to-earnings ratio of -403.13 and a beta of 1.08.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The business had revenue of $221.55 million for the quarter, compared to analysts’ expectations of $213.42 million. Equities analysts predict that CyberArk Software will post -1.24 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Montag A & Associates Inc. bought a new position in CyberArk Software during the 1st quarter valued at $27,000. Arcadia Investment Management Corp MI acquired a new stake in CyberArk Software during the 1st quarter valued at $34,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of CyberArk Software during the first quarter worth approximately $34,000. FinTrust Capital Advisors LLC acquired a new stake in CyberArk Software during the fourth quarter valued at $34,000. Finally, Central Bank & Trust Co. bought a new stake in shares of CyberArk Software in the 1st quarter valued at approximately $53,000. 91.84% of the stock is currently owned by institutional investors.

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.