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

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

A number of other equities analysts have also commented on CYBR. Bank of America reaffirmed a buy rating and issued a $315.00 price objective on shares of CyberArk Software in a research note on Wednesday, April 24th. UBS Group upped their price target on CyberArk Software from $215.00 to $260.00 and gave the company a buy rating in a research report on Wednesday, January 10th. JMP Securities increased their price objective on CyberArk Software from $195.00 to $280.00 and gave the stock a market outperform rating in a research note on Wednesday, January 31st. Oppenheimer lifted their target price on CyberArk Software from $195.00 to $260.00 and gave the company an outperform rating in a research note on Monday, January 8th. Finally, Morgan Stanley downgraded CyberArk Software from an overweight rating to an equal weight rating and upped their target price for the company 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $258.96.

CyberArk Software Stock Down 0.9 %

Shares of NASDAQ CYBR opened at $237.16 on Wednesday. CyberArk Software has a 12 month low of $120.11 and a 12 month high of $283.00. The business has a fifty day simple moving average of $255.34 and a 200-day simple moving average of $225.39.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The firm had revenue of $223.10 million for the quarter, compared to the consensus estimate of $209.65 million. Equities research analysts forecast that CyberArk Software will post -1.46 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in CYBR. Arcadia Investment Management Corp MI bought a new position in shares of CyberArk Software in the first quarter valued at approximately $34,000. Blue Bell Private Wealth Management LLC bought a new position in CyberArk Software in the 1st quarter worth $34,000. FinTrust Capital Advisors LLC acquired a new position in CyberArk Software during the 4th quarter worth $34,000. Assetmark Inc. lifted its position 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 acquiring an additional 95 shares during the last quarter. Finally, Central Bank & Trust Co. bought a new stake in CyberArk Software during the first quarter valued at about $53,000. 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.