Cantor Fitzgerald Reaffirms Overweight Rating for CyberArk Software (NASDAQ:CYBR)

Cantor Fitzgerald restated their overweight rating on shares of CyberArk Software (NASDAQ:CYBR) in a research report released on Wednesday, Benzinga reports. Cantor Fitzgerald currently has a $300.00 price target on the technology company’s stock.

CYBR has been the topic of a number of other reports. Bank of America lifted their price target on CyberArk Software from $300.00 to $315.00 and gave the company a buy rating in a report on Friday, March 15th. KeyCorp raised their price objective on CyberArk Software from $274.00 to $305.00 and gave the stock an overweight rating in a research report on Friday, February 9th. Mizuho raised their price objective on CyberArk Software from $250.00 to $310.00 and gave the stock a buy rating in a research report on Friday, February 9th. Wells Fargo & Company raised their price objective on CyberArk Software from $250.00 to $275.00 and gave the stock an overweight rating in a research report on Monday, January 29th. Finally, BTIG Research initiated coverage on CyberArk Software in a research report on Thursday, March 28th. They issued a buy rating and a $317.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $258.54.

CyberArk Software Stock Down 1.4 %

CYBR opened at $233.71 on Wednesday. CyberArk Software has a 52 week low of $120.11 and a 52 week high of $283.00. The stock’s fifty day moving average is $258.35 and its two-hundred day moving average is $220.63. The company has a market capitalization of $9.88 billion, a P/E ratio of -144.27 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $223.10 million for the quarter, compared to the consensus estimate of $209.65 million. Equities analysts anticipate that CyberArk Software will post -1.46 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Dallas Securities Inc. lifted its holdings in shares of CyberArk Software by 3.2% in the 1st quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock valued at $425,000 after buying an additional 50 shares during the period. Desjardins Global Asset Management Inc. lifted its holdings in shares of CyberArk Software by 22.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after buying an additional 51 shares during the period. Signaturefd LLC lifted its holdings in shares of CyberArk Software by 6.6% in the 4th quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock valued at $190,000 after buying an additional 54 shares during the period. HighTower Advisors LLC increased its stake in shares of CyberArk Software by 1.1% in the 3rd quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock valued at $894,000 after purchasing an additional 60 shares in the last quarter. Finally, Wealth Alliance increased its stake in shares of CyberArk Software by 2.6% in the 4th quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock valued at $526,000 after purchasing an additional 60 shares in the last quarter. 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.