CyberArk Software (NASDAQ:CYBR) Given Outperform Rating at Wedbush

Wedbush reaffirmed their outperform rating on shares of CyberArk Software (NASDAQ:CYBR) in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has a $285.00 price objective on the technology company’s stock.

A number of other analysts have also issued reports on CYBR. Oppenheimer lifted their price target on CyberArk Software from $195.00 to $260.00 and gave the stock an outperform rating in a research note on Monday, January 8th. Needham & Company LLC reaffirmed a buy rating and set a $310.00 target price on shares of CyberArk Software in a research note on Friday. Bank of America reiterated a buy rating and issued a $315.00 target price on shares of CyberArk Software in a research report on Wednesday, April 24th. KeyCorp boosted their price target on shares of CyberArk Software from $274.00 to $305.00 and gave the stock an overweight rating in a research report on Friday, February 9th. Finally, BTIG Research started coverage on shares of CyberArk Software in a report on Thursday, March 28th. They issued a buy rating and a $317.00 price objective for the company. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, CyberArk Software presently has a consensus rating of Moderate Buy and an average price target of $265.63.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $235.64 on Friday. The firm has a market cap of $9.96 billion, a PE ratio of -368.19 and a beta of 1.06. CyberArk Software has a one year low of $133.84 and a one year high of $283.00. The firm has a fifty day moving average of $253.97 and a 200 day moving average of $227.15.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. The business had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. On average, equities analysts predict that CyberArk Software will post -1.46 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

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

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.