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 note published on Friday, Benzinga reports. Cantor Fitzgerald currently has a $300.00 price target on the technology company's stock.

Other equities research analysts also recently issued reports about the stock. Mizuho lifted their price objective on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a buy rating in a research note on Friday, February 9th. Rosenblatt Securities reissued a buy rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Wednesday. BTIG Research initiated 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. Needham & Company LLC reissued a buy rating and set a $310.00 price target on shares of CyberArk Software in a report on Friday. Finally, UBS Group lifted their price objective on shares of CyberArk Software from $215.00 to $260.00 and gave the company a buy rating in a report on Wednesday, January 10th. 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.com, CyberArk Software presently has a consensus rating of Moderate Buy and an average price target of $265.63.

CyberArk Software Stock Performance

CYBR traded down $6.22 during trading on Friday, hitting $227.32. The stock had a trading volume of 768,883 shares, compared to its average volume of 582,623. The company has a market capitalization of $9.61 billion, a PE ratio of -140.32 and a beta of 1.06. CyberArk Software has a twelve month low of $125.15 and a twelve month high of $283.00. The stock has a 50 day simple moving average of $254.41 and a two-hundred day simple moving average of $225.88.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its 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 net margin of 8.84% and a negative return on equity of 8.23%. The company had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. On average, equities research analysts anticipate that CyberArk Software will post -1.46 EPS for the current year.

Institutional Trading of CyberArk Software

Several hedge funds have recently modified their holdings of CYBR. Arcadia Investment Management Corp MI acquired a new stake in shares of CyberArk Software in the 1st quarter valued at approximately $34,000. Blue Bell Private Wealth Management LLC purchased a new position in CyberArk Software in the 1st quarter valued at approximately $34,000. FinTrust Capital Advisors LLC purchased a new position in CyberArk Software in the 4th quarter valued at approximately $34,000. Assetmark Inc. increased its stake in CyberArk Software by 62.1% in the 3rd quarter. Assetmark Inc. now owns 248 shares of the technology company's stock valued at $41,000 after purchasing an additional 95 shares in the last quarter. Finally, Central Bank & Trust Co. purchased a new position in CyberArk Software in the 1st quarter valued at approximately $53,000. 91.84% of the stock is owned by institutional investors and hedge funds.

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.