Cantor Fitzgerald Reaffirms "Overweight" Rating for CyberArk Software (NASDAQ:CYBR)

Cantor Fitzgerald reiterated their overweight rating on shares of CyberArk Software (NASDAQ:CYBR - Free Report) in a research report report published on Wednesday morning, Benzinga reports. Cantor Fitzgerald currently has a $300.00 price target on the technology company's stock.

Several other research analysts have also weighed in on CYBR. BTIG Research started coverage on shares of CyberArk Software in a research note on Thursday, March 28th. They set a buy rating and a $317.00 price objective on the stock. Oppenheimer lifted their price objective on shares of CyberArk Software from $195.00 to $260.00 and gave the stock an outperform rating in a research note on Monday, January 8th. KeyCorp lifted their price objective on shares of CyberArk Software from $274.00 to $305.00 and gave the stock an overweight rating in a research note on Friday, February 9th. Needham & Company LLC lifted their price objective on shares of CyberArk Software from $245.00 to $310.00 and gave the stock a buy rating in a research note on Friday, February 9th. Finally, Bank of America lifted their price objective on shares of CyberArk Software from $300.00 to $315.00 and gave the stock a buy rating in a research note on Friday, March 15th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $258.54.

CyberArk Software Price Performance

Shares of NASDAQ CYBR traded down $3.99 during mid-day trading on Wednesday, hitting $235.98. The company's stock had a trading volume of 421,385 shares, compared to its average volume of 590,118. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of -146.59 and a beta of 1.05. CyberArk Software has a one year low of $120.11 and a one year high of $283.00. The company's fifty day simple moving average is $259.93 and its 200-day simple moving average is $219.92.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.53. The company had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. On average, sell-side analysts predict that CyberArk Software will post -1.46 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC bought a new position in shares of CyberArk Software in the fourth quarter valued at $34,000. Central Bank & Trust Co. bought a new position in shares of CyberArk Software in the 1st quarter valued at about $53,000. Assetmark Inc. increased its stake 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 purchasing an additional 95 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in shares of CyberArk Software in the 4th quarter valued at about $33,000. Finally, Desjardins Global Asset Management Inc. lifted its stake in CyberArk Software by 22.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company's stock valued at $62,000 after purchasing an additional 51 shares during the last quarter. 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.