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

Cantor Fitzgerald reiterated their overweight rating on shares of CyberArk Software (NASDAQ:CYBR) in a research note issued to investors on Monday, Benzinga reports. They currently have a $300.00 price objective on the technology company’s stock.

Other equities research analysts have also issued reports about the stock. Needham & Company LLC restated a buy rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Monday, May 20th. Wedbush reaffirmed an outperform rating and issued a $285.00 target price on shares of CyberArk Software in a research note on Friday, May 3rd. Rosenblatt Securities reaffirmed a buy rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Wednesday, May 1st. Guggenheim reaffirmed a buy rating and issued a $300.00 target price on shares of CyberArk Software in a research note on Tuesday, June 25th. Finally, BTIG Research began coverage on shares of CyberArk Software in a research note on Thursday, March 28th. They issued a buy rating and a $317.00 target price on the stock. Two equities research 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 presently has a consensus rating of Moderate Buy and an average target price of $280.63.

CyberArk Software Stock Performance

Shares of CYBR opened at $256.86 on Monday. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of -401.34 and a beta of 1.14. CyberArk Software has a fifty-two week low of $142.92 and a fifty-two week high of $284.10. The firm has a 50 day moving average price of $255.34 and a 200-day moving average price of $250.41.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.67. The firm had revenue of $221.55 million during the quarter, compared to analyst estimates of $213.42 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. As a group, equities research analysts predict that CyberArk Software will post -1.24 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds have recently bought and sold shares of CYBR. Montag A & Associates Inc. bought a new position in CyberArk Software in the 1st quarter worth about $27,000. Mather Group LLC. bought a new position in CyberArk Software in the 2nd quarter worth about $27,000. ORG Partners LLC bought a new position in CyberArk Software in the 2nd quarter worth about $33,000. Arcadia Investment Management Corp MI bought a new position in CyberArk Software in the 1st quarter worth about $34,000. Finally, Blue Bell Private Wealth Management LLC bought a new position in CyberArk Software in the 1st quarter worth about $34,000. Institutional investors own 91.84% of the company’s stock.

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.