Rosenblatt Securities Reaffirms Buy Rating for CyberArk Software (NASDAQ:CYBR)

Rosenblatt Securities restated their buy rating on shares of CyberArk Software (NASDAQ:CYBR) in a report published on Wednesday morning, Benzinga reports. Rosenblatt Securities currently has a $310.00 price target on the technology company’s stock.

Other research analysts have also issued research reports about the company. Bank of America reaffirmed a buy rating and set a $315.00 price target on shares of CyberArk Software in a research report on Wednesday, April 24th. Wells Fargo & Company lifted 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. JMP Securities upped their target price on shares of CyberArk Software from $195.00 to $280.00 and gave the company a market outperform rating in a report on Wednesday, January 31st. KeyCorp boosted their price target on CyberArk Software from $274.00 to $305.00 and gave the stock an overweight rating in a research report on Friday, February 9th. Finally, Cantor Fitzgerald restated an overweight rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, CyberArk Software has a consensus rating of Moderate Buy and an average price target of $265.63.

CyberArk Software Trading Down 2.7 %

Shares of CYBR opened at $227.32 on Wednesday. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of -355.19 and a beta of 1.06. CyberArk Software has a 12 month low of $125.15 and a 12 month high of $283.00. The firm has a fifty day simple moving average of $254.41 and a 200 day simple moving average of $226.27.

CyberArk Software (NASDAQ:CYBR) last posted 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. The company had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.59%. As a group, research analysts predict that CyberArk Software will post -1.46 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

Institutional investors have recently modified their holdings of the stock. Arcadia Investment Management Corp MI acquired a new position in CyberArk Software in the first quarter valued at about $34,000. Blue Bell Private Wealth Management LLC bought a new position in CyberArk Software in the 1st quarter valued at about $34,000. FinTrust Capital Advisors LLC acquired a new position in shares of CyberArk Software in the 4th quarter valued at approximately $34,000. Assetmark Inc. lifted its holdings in shares of CyberArk Software by 62.1% during the 3rd quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after acquiring an additional 95 shares during the period. Finally, Central Bank & Trust Co. bought a new position in CyberArk Software in the first quarter valued at approximately $53,000. 91.84% of the stock is currently 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.