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

CyberArk Software (NASDAQ:CYBR)‘s stock had its “buy” rating reissued by equities researchers at Rosenblatt Securities in a note issued to investors on Wednesday,Benzinga reports. They currently have a $445.00 price objective on the technology company’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 26.40% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Mizuho raised their target price on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Cantor Fitzgerald reissued an “overweight” rating and set a $415.00 target price on shares of CyberArk Software in a research report on Monday, January 27th. Canaccord Genuity Group raised their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a report on Friday, February 14th. Morgan Stanley boosted their price objective on shares of CyberArk Software from $316.00 to $390.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Citigroup raised their target price on CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

CyberArk Software Stock Down 3.3 %

CYBR opened at $352.05 on Wednesday. CyberArk Software has a 52-week low of $223.41 and a 52-week high of $421.00. The company has a 50 day moving average of $359.76 and a two-hundred day moving average of $315.87. The company has a market cap of $15.34 billion, a P/E ratio of -180.54 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. Research analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

Large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its holdings in shares of CyberArk Software by 40.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,363 shares of the technology company’s stock valued at $689,000 after purchasing an additional 681 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in CyberArk Software during the 3rd quarter worth $383,000. Pinnacle Associates Ltd. increased its position in CyberArk Software by 6.9% in the third quarter. Pinnacle Associates Ltd. now owns 1,550 shares of the technology company’s stock worth $452,000 after buying an additional 100 shares during the period. Diversify Wealth Management LLC lifted its stake in CyberArk Software by 11.8% in the third quarter. Diversify Wealth Management LLC now owns 2,230 shares of the technology company’s stock valued at $644,000 after buying an additional 236 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its holdings in shares of CyberArk Software by 7.0% during the third quarter. Financial Advocates Investment Management now owns 1,404 shares of the technology company’s stock valued at $409,000 after acquiring an additional 92 shares during the period. Institutional investors own 91.84% of the company’s stock.

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.