CyberArk Software (NASDAQ:CYBR) Stock Rating Reaffirmed by Cantor Fitzgerald

CyberArk Software (NASDAQ:CYBRGet Free Report)‘s stock had its “overweight” rating reissued by investment analysts at Cantor Fitzgerald in a report released on Wednesday, Benzinga reports. They currently have a $210.00 price target on the technology company’s stock. Cantor Fitzgerald’s target price would indicate a potential downside of 11.04% from the stock’s previous close.

A number of other brokerages also recently issued reports on CYBR. UBS Group raised their price target on shares of CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. StockNews.com assumed coverage on shares of CyberArk Software in a report on Thursday, October 5th. They set a “hold” rating for the company. Mizuho raised their price target on shares of CyberArk Software from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Wells Fargo & Company raised their price target on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Citigroup lifted their target price on shares of CyberArk Software from $215.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $230.65.

Check Out Our Latest Research Report on CyberArk Software

CyberArk Software Stock Up 1.1 %

CYBR stock opened at $236.07 on Wednesday. The company has a market cap of $9.69 billion, a price-to-earnings ratio of -100.03 and a beta of 1.10. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.79. CyberArk Software has a 12 month low of $120.11 and a 12 month high of $241.36. The firm has a 50-day moving average of $216.05 and a two-hundred day moving average of $183.24.

CyberArk Software (NASDAQ:CYBRGet Free Report) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.17. The company had revenue of $191.24 million during the quarter, compared to the consensus estimate of $184.50 million. CyberArk Software had a negative net margin of 13.99% and a negative return on equity of 12.68%. As a group, analysts forecast that CyberArk Software will post -2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CYBR. Raymond James & Associates lifted its position in shares of CyberArk Software by 15.6% during the 1st quarter. Raymond James & Associates now owns 12,520 shares of the technology company’s stock worth $2,113,000 after purchasing an additional 1,691 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of CyberArk Software by 86.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,837 shares of the technology company’s stock worth $1,322,000 after purchasing an additional 3,634 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of CyberArk Software by 29.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the technology company’s stock worth $498,000 after purchasing an additional 678 shares during the last quarter. Yousif Capital Management LLC purchased a new stake in shares of CyberArk Software during the 1st quarter worth $293,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of CyberArk Software by 16.8% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,390 shares of the technology company’s stock worth $235,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.

About CyberArk Software

(Get Free Report)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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