Rosenblatt Securities Reaffirms “Buy” Rating for CyberArk Software (NASDAQ:CYBR)

Rosenblatt Securities reissued their buy rating on shares of CyberArk Software (NASDAQ:CYBR) in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a $310.00 price objective on the technology company’s stock.

Several other research analysts have also recently weighed in on CYBR. Cantor Fitzgerald reaffirmed an overweight rating and issued a $300.00 price target on shares of CyberArk Software in a report on Wednesday, April 17th. Susquehanna upped their price target on shares of CyberArk Software from $255.00 to $310.00 and gave the stock a positive rating in a report on Friday, February 9th. BTIG Research assumed coverage on shares of CyberArk Software in a report on Thursday, March 28th. They issued a buy rating and a $317.00 price target on the stock. Bank of America reaffirmed a buy rating and issued a $315.00 price target on shares of CyberArk Software in a report on Wednesday, April 24th. Finally, Morgan Stanley cut shares of CyberArk Software from an overweight rating to an equal weight rating and upped their price target for the stock from $195.00 to $240.00 in a report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $265.63.

CyberArk Software Price Performance

Shares of CYBR stock opened at $227.32 on Wednesday. The company’s fifty day simple moving average is $254.41 and its two-hundred day simple moving average is $225.88. CyberArk Software has a 1 year low of $125.15 and a 1 year high of $283.00. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of -140.32 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $209.65 million. Equities research analysts anticipate that CyberArk Software will post -1.46 EPS for the current year.

Institutional Trading of CyberArk Software

Several large investors have recently bought and sold shares of CYBR. Arcadia Investment Management Corp MI bought a new stake in CyberArk Software during the 1st quarter valued at approximately $34,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of CyberArk Software during the first quarter valued at approximately $34,000. FinTrust Capital Advisors LLC purchased a new position in shares of CyberArk Software during the fourth quarter valued at approximately $34,000. Assetmark Inc. lifted its holdings in shares of CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after purchasing an additional 95 shares during the last quarter. Finally, Central Bank & Trust Co. purchased a new position in shares of CyberArk Software during the first quarter valued at approximately $53,000. 91.84% of the stock is owned by institutional investors.

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.