CyberArk Software’s (CYBR) “Overweight” Rating Reiterated at Cantor Fitzgerald

CyberArk Software (NASDAQ:CYBR)‘s stock had its “overweight” rating reissued by stock analysts at Cantor Fitzgerald in a research report issued on Monday,Benzinga reports. They presently have a $415.00 price objective on the technology company’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 15.37% from the stock’s previous close.

Several other brokerages have also recently issued reports on CYBR. BTIG Research upped their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley reissued an “equal weight” rating and set a $316.00 price target on shares of CyberArk Software in a research report on Tuesday, December 31st. StockNews.com raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. DA Davidson raised their target price on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Stifel Nicolaus increased their price objective on shares of CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus target price of $361.70.

CyberArk Software Price Performance

CYBR opened at $359.72 on Monday. The firm has a market cap of $15.67 billion, a PE ratio of 1,332.35 and a beta of 1.13. CyberArk Software has a 1 year low of $223.09 and a 1 year high of $366.48. The stock has a 50-day moving average price of $329.93 and a 200-day moving average price of $296.06.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. During the same period in the prior year, the company earned ($0.31) earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. As a group, sell-side analysts anticipate that CyberArk Software will post -0.58 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

Several large investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software in the 4th quarter worth about $25,000. Assetmark Inc. raised its stake in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of CyberArk Software during the fourth quarter valued at about $50,000. Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software during the third quarter worth about $51,000. Finally, Kieckhefer Group LLC bought a new position in CyberArk Software in the fourth quarter worth about $67,000. Hedge funds and other 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.