Rosenblatt Securities Reaffirms Buy Rating for CyberArk Software (NASDAQ:CYBR)

Rosenblatt Securities reissued their buy rating on shares of CyberArk Software (NASDAQ:CYBR) in a research note issued to investors on Wednesday morning,Benzinga reports. Rosenblatt Securities currently has a $445.00 target price on the technology company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Truist Financial raised their price target on shares of CyberArk Software from $385.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Royal Bank of Canada lifted their target price on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $415.00 target price on shares of CyberArk Software in a research report on Monday, January 27th. Piper Sandler lifted their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and an average target price of $416.67.

CyberArk Software Trading Up 3.4 %

CYBR opened at $363.85 on Wednesday. The company’s 50 day moving average is $361.40 and its 200-day moving average is $316.77. CyberArk Software has a 1-year low of $223.41 and a 1-year high of $421.00. The company has a market cap of $15.85 billion, a P/E ratio of -186.59 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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, equities analysts forecast that CyberArk Software will post -0.47 EPS for the current year.

Institutional Trading of CyberArk Software

Several hedge funds have recently modified their holdings of the stock. Jennison Associates LLC increased its stake in CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after purchasing an additional 391,900 shares in the last quarter. Thoma Bravo L.P. bought a new stake in CyberArk Software during the 4th quarter valued at $380,637,000. Groupama Asset Managment increased its stake in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares in the last quarter. First Trust Advisors LP increased its stake in CyberArk Software by 2.3% during the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company’s stock valued at $313,084,000 after purchasing an additional 20,832 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in CyberArk Software by 8.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock valued at $292,651,000 after purchasing an additional 68,359 shares in the last quarter. 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.