CyberArk Software (NASDAQ:CYBR) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of CyberArk Software (NASDAQ:CYBR) in a report published on Wednesday,Benzinga reports. Rosenblatt Securities currently has a $445.00 price objective on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Scotiabank lifted their price objective on CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. UBS Group lifted their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Stifel Nicolaus increased their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $415.00 price objective on shares of CyberArk Software in a research report on Monday, January 27th. Finally, Truist Financial upped their target price on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $364.18 on Wednesday. The company has a 50 day moving average price of $358.58 and a two-hundred day moving average price of $315.53. The company has a market capitalization of $15.87 billion, a PE ratio of -186.76 and a beta of 1.15. CyberArk Software has a 52 week low of $223.41 and a 52 week high of $421.00.

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

Hedge Funds Weigh In On CyberArk Software

A number of institutional investors have recently bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $25,000. TD Private Client Wealth LLC lifted its holdings in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares during the last quarter. Assetmark Inc. lifted its holdings in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software during the fourth quarter worth $39,000. Finally, Graney & King LLC acquired a new position in shares of CyberArk Software in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

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.