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

Key Points

• CyberArk Software received a "neutral" rating from Rosenblatt Securities, who set a price target of $445.00, indicating a potential upside of 8.15% from its current stock price.
• Thirteen analysts rated the stock as a hold, while sixteen gave it a buy rating, resulting in a consensus rating of "Moderate Buy" and an average price target of $433.39.
• In its recent quarterly earnings, CyberArk reported a 46% increase in revenue year-over-year, alongside earnings of $0.88 per share, surpassing analysts' expectations of $0.79.

CyberArk Software (NASDAQ:CYBR - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at Rosenblatt Securities in a research report issued on Friday, MarketBeat reports. They presently have a $445.00 target price on the technology company's stock. Rosenblatt Securities' price target would indicate a potential upside of 7.49% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Morgan Stanley reissued an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Wedbush cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $450.00 price objective on the stock. in a research report on Thursday. William Blair restated a "market perform" rating on shares of CyberArk Software in a research note on Wednesday. Royal Bank Of Canada lowered CyberArk Software from a "moderate buy" rating to a "hold" rating and boosted their target price for the company from $420.00 to $448.00 in a research note on Thursday. Finally, Robert W. Baird boosted their target price on CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $433.39.

CyberArk Software Stock Up 0.6%

NASDAQ CYBR traded up $2.53 on Friday, reaching $414.00. The company had a trading volume of 3,227,349 shares, compared to its average volume of 2,003,482. The stock has a market capitalization of $20.46 billion, a P/E ratio of -122.85 and a beta of 0.96. The company's fifty day moving average is $391.99 and its 200 day moving average is $368.01. CyberArk Software has a 52-week low of $230.00 and a 52-week high of $452.00. The company has a quick ratio of 1.29, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The business had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. CyberArk Software's quarterly revenue was up 46.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. Sell-side analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CYBR. Opal Wealth Advisors LLC bought a new position in shares of CyberArk Software in the 2nd quarter worth approximately $30,000. Golden State Wealth Management LLC raised 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 acquiring an additional 39 shares in the last quarter. Whipplewood Advisors LLC increased its position in CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares in the last quarter. Bessemer Group Inc. increased its position in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in CyberArk Software during the 1st quarter valued at approximately $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.