CyberArk Software’s (CYBR) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of CyberArk Software (NASDAQ:CYBR) in a research report report published on Wednesday,Benzinga reports. The firm currently has a $445.00 price objective on the technology company’s stock.

Several other brokerages have also recently commented on CYBR. Guggenheim restated a “buy” rating and set a $455.00 target price on shares of CyberArk Software in a report on Tuesday. JMP Securities increased their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Scotiabank increased their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Royal Bank of Canada increased their price target on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Finally, Citigroup increased their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

CyberArk Software Trading Up 3.4 %

Shares of CYBR opened at $363.85 on Wednesday. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00. The firm has a fifty day simple moving average of $361.40 and a 200 day simple moving average of $316.77. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of -186.59 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) 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, research analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software in the 4th quarter valued at about $25,000. TD Private Client Wealth LLC increased its holdings in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after buying an additional 34 shares during the period. Plato Investment Management Ltd bought a new position in CyberArk Software in the 4th quarter valued at about $39,000. Graney & King LLC bought a new position in CyberArk Software in the 4th quarter valued at about $43,000. Finally, Montag A & Associates Inc. increased its holdings in CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the period. 91.84% of the stock is 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.