CyberArk Software's (CYBR) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of CyberArk Software (NASDAQ:CYBR - Free Report) in a report published on Tuesday morning,Benzinga reports. They currently have a $445.00 target price on the technology company's stock.

Several other equities research analysts have also issued reports on CYBR. DA Davidson lowered their price target on shares of CyberArk Software from $475.00 to $415.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Canaccord Genuity Group lifted their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Guggenheim reissued a "buy" rating and issued a $455.00 price objective on shares of CyberArk Software in a research report on Tuesday, February 25th. KeyCorp decreased 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 report on Thursday, April 17th. Finally, Scotiabank lifted their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $415.71.

CyberArk Software Price Performance

CYBR stock traded down $0.05 during midday trading on Tuesday, hitting $355.00. The company's stock had a trading volume of 667,570 shares, compared to its average volume of 543,041. CyberArk Software has a twelve month low of $223.41 and a twelve month high of $421.00. The company's fifty day moving average price is $342.67 and its 200 day moving average price is $340.02. The stock has a market capitalization of $17.55 billion, a P/E ratio of -182.05 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. Equities 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 made changes to their positions in the business. Venturi Wealth Management LLC boosted its stake in shares of CyberArk Software by 3.6% in the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock valued at $282,000 after buying an additional 29 shares during the period. Prudential PLC boosted its stake in shares of CyberArk Software by 2.4% in the first quarter. Prudential PLC now owns 1,277 shares of the technology company's stock valued at $432,000 after buying an additional 30 shares during the period. MAI Capital Management boosted its stake in shares of CyberArk Software by 1.1% in the first quarter. MAI Capital Management now owns 2,756 shares of the technology company's stock valued at $932,000 after buying an additional 31 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after buying an additional 34 shares during the period. Finally, CenterBook Partners LP boosted its stake in shares of CyberArk Software by 2.4% in the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock valued at $534,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds 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.