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

Cantor Fitzgerald restated their overweight rating on shares of CyberArk Software (NASDAQ:CYBR - Free Report) in a research note published on Tuesday,Benzinga reports. They currently have a $420.00 price objective on the technology company's stock.

CYBR has been the topic of several other reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th. KeyCorp reduced their price objective on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. DA Davidson raised their target price on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Roth Capital started coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price objective for the company. Finally, Stephens started coverage on shares of CyberArk Software in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price objective for the company. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CyberArk Software has an average rating of "Moderate Buy" and an average target price of $418.75.

CyberArk Software Stock Up 0.2%

Shares of NASDAQ CYBR traded up $0.64 during midday trading on Tuesday, hitting $375.98. The stock had a trading volume of 120,933 shares, compared to its average volume of 668,925. The business's 50 day moving average is $386.23 and its 200-day moving average is $365.24. The company has a market cap of $18.58 billion, a P/E ratio of -202.14 and a beta of 1.00. CyberArk Software has a 52 week low of $230.00 and a 52 week high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. The company had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The firm's revenue for the quarter was up 43.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, analysts expect that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bessemer Group Inc. grew its position in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after buying an additional 80 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after buying an additional 39 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of CyberArk Software by 17.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock worth $627,000 after buying an additional 280 shares during the last quarter. Blue Trust Inc. grew its position in CyberArk Software by 5.9% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after purchasing an additional 61 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock worth $755,000 after purchasing an additional 187 shares during the last quarter. Hedge funds and other 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.