CyberArk Software’s (CYBR) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of CyberArk Software (NASDAQ:CYBR) in a report published on Monday,Benzinga reports. They currently have a $415.00 target price on the technology company’s stock.

A number of other research analysts also recently commented on CYBR. Robert W. Baird increased their price objective on shares of CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price target on CyberArk Software from $355.00 to $375.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. KeyCorp upped their price objective on CyberArk Software from $355.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their target price on CyberArk Software from $350.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada upped their price target on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $362.26.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $359.46 on Monday. CyberArk Software has a 1-year low of $223.09 and a 1-year high of $366.48. The business has a 50-day moving average of $329.93 and a 200-day moving average of $296.06. The company has a market capitalization of $15.66 billion, a PE ratio of 1,331.38 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.31) EPS. On average, equities analysts expect that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $25,000. Assetmark Inc. grew its position in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of CyberArk Software in the fourth quarter valued at $50,000. Transcendent Capital Group LLC acquired a new stake in shares of CyberArk Software during the 3rd quarter valued at $51,000. Finally, Kieckhefer Group LLC bought a new stake in shares of CyberArk Software during the 4th quarter worth $67,000. 91.84% of the stock is currently owned by institutional investors.

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.