CyberArk Software (NASDAQ:CYBR) Receives Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of CyberArk Software (NASDAQ:CYBR) in a research report report published on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $300.00 price objective on the technology company’s stock.

Other research analysts have also issued reports about the company. Barclays raised their price objective on CyberArk Software from $280.00 to $315.00 and gave the company an overweight rating in a research report on Thursday, July 11th. Guggenheim reissued a buy rating and issued a $300.00 price objective on shares of CyberArk Software in a research report on Tuesday, June 25th. Rosenblatt Securities reissued a buy rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Wednesday, May 1st. Canaccord Genuity Group cut their price objective on CyberArk Software from $300.00 to $280.00 and set a buy rating on the stock in a research report on Tuesday, June 4th. Finally, Needham & Company LLC reissued a buy rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Monday, May 20th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, CyberArk Software presently has an average rating of Moderate Buy and an average price target of $280.63.

CyberArk Software Trading Down 0.5 %

Shares of CYBR opened at $256.86 on Monday. The firm has a market capitalization of $10.85 billion, a P/E ratio of -401.34 and a beta of 1.14. The stock’s fifty day simple moving average is $255.34 and its 200 day simple moving average is $250.41. CyberArk Software has a twelve month low of $142.92 and a twelve month high of $284.10.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.67. The business had revenue of $221.55 million for the quarter, compared to analyst estimates of $213.42 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. Sell-side analysts predict that CyberArk Software will post -1.24 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its stake in CyberArk Software by 64.7% in the first quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company’s stock valued at $1,951,000 after acquiring an additional 2,885 shares during the period. Congress Asset Management Co. MA boosted its stake in CyberArk Software by 29.3% in the first quarter. Congress Asset Management Co. MA now owns 50,097 shares of the technology company’s stock valued at $13,307,000 after acquiring an additional 11,345 shares during the period. Contour Asset Management LLC acquired a new position in CyberArk Software in the fourth quarter valued at approximately $48,605,000. Russell Investments Group Ltd. raised its holdings in shares of CyberArk Software by 58.3% during the first quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock valued at $8,830,000 after buying an additional 12,242 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in shares of CyberArk Software by 356.2% during the fourth quarter. Virtu Financial LLC now owns 9,508 shares of the technology company’s stock valued at $2,083,000 after buying an additional 7,424 shares during the last quarter. 91.84% of the stock is currently 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.