CyberArk Software (NASDAQ:CYBR) Stock Rating Reaffirmed by Cantor Fitzgerald

CyberArk Software (NASDAQ:CYBR)‘s stock had its “overweight” rating reiterated by research analysts at Cantor Fitzgerald in a note issued to investors on Friday, Benzinga reports. They currently have a $300.00 price target on the technology company’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 31.97% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Bank of America reissued a “buy” rating and set a $315.00 price target on shares of CyberArk Software in a report on Wednesday, April 24th. UBS Group upped their price objective on shares of CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Mizuho boosted their price target on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. JMP Securities boosted their price target on shares of CyberArk Software from $195.00 to $280.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research report on Friday. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $265.63.

CyberArk Software Stock Down 2.7 %

CyberArk Software stock opened at $227.32 on Friday. The company has a fifty day moving average price of $254.41 and a two-hundred day moving average price of $226.27. CyberArk Software has a 12 month low of $125.15 and a 12 month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.59%. The firm had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. As a group, sell-side analysts expect that CyberArk Software will post -1.46 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

A number of hedge funds have recently bought and sold shares of CYBR. First Dallas Securities Inc. grew its position in CyberArk Software by 3.2% during the first quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock worth $425,000 after buying an additional 50 shares in the last quarter. Desjardins Global Asset Management Inc. grew its position in CyberArk Software by 22.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after buying an additional 51 shares in the last quarter. Signaturefd LLC boosted its holdings in CyberArk Software by 6.6% during the fourth quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock valued at $190,000 after purchasing an additional 54 shares in the last quarter. HighTower Advisors LLC boosted its holdings in CyberArk Software by 1.1% during the third quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock valued at $894,000 after purchasing an additional 60 shares in the last quarter. Finally, Wealth Alliance boosted its holdings in CyberArk Software by 2.6% during the fourth quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock valued at $526,000 after purchasing an additional 60 shares in the last quarter. 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.