CyberArk Software (NASDAQ:CYBR) Earns Buy Rating from Rosenblatt Securities

CyberArk Software (NASDAQ:CYBR - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Rosenblatt Securities in a note issued to investors on Wednesday, Benzinga reports. They currently have a $310.00 price objective on the technology company's stock. Rosenblatt Securities' price target would suggest a potential upside of 30.71% from the stock's current price.

Several other analysts have also weighed in on CYBR. Oppenheimer increased their price target on CyberArk Software from $195.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, January 8th. Mizuho increased their target price on CyberArk Software from $250.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, February 9th. Citigroup increased their target price on CyberArk Software from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Bank of America reiterated a "buy" rating and issued a $315.00 target price on shares of CyberArk Software in a research note on Wednesday, April 24th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $300.00 target price on shares of CyberArk Software in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $258.96.

CyberArk Software Trading Down 0.9 %

NASDAQ:CYBR traded down $2.09 during midday trading on Wednesday, hitting $237.16. 728,878 shares of the company traded hands, compared to its average volume of 573,272. The firm's fifty day moving average is $255.34 and its 200-day moving average is $225.39. CyberArk Software has a 12-month low of $120.11 and a 12-month high of $283.00. The firm has a market capitalization of $10.02 billion, a P/E ratio of -146.39 and a beta of 1.05.

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

Institutional Investors Weigh In On CyberArk Software

Several institutional investors have recently added to or reduced their stakes in CYBR. Jennison Associates LLC boosted its holdings in CyberArk Software by 81.4% in the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company's stock worth $230,871,000 after acquiring an additional 472,961 shares in the last quarter. Norges Bank acquired a new stake in CyberArk Software in the fourth quarter worth about $100,797,000. Global Assets Advisory LLC acquired a new stake in CyberArk Software in the first quarter worth about $67,736,000. Contour Asset Management LLC purchased a new position in shares of CyberArk Software in the fourth quarter worth about $48,605,000. Finally, Acadian Asset Management LLC raised its stake in shares of CyberArk Software by 226.3% in the third quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company's stock worth $48,434,000 after purchasing an additional 205,224 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Company Profile

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.