CyberArk Software (NASDAQ:CYBR) Given Overweight Rating at Cantor Fitzgerald

CyberArk Software (NASDAQ:CYBR)‘s stock had its “overweight” rating reiterated by equities research analysts at Cantor Fitzgerald in a note issued to investors on Wednesday, Benzinga reports. They presently have a $300.00 price objective on the technology company’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 26.53% from the company’s current price.

A number of other analysts also recently issued reports on CYBR. Truist Financial raised their price objective on shares of CyberArk Software from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Morgan Stanley lowered shares of CyberArk Software from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $195.00 to $240.00 in a research report on Tuesday, January 9th. Susquehanna lifted their price target on shares of CyberArk Software from $255.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. UBS Group lifted their price target on shares of CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Oppenheimer lifted their target price on shares of CyberArk Software from $195.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.54.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $237.09 on Wednesday. The company has a market cap of $10.02 billion, a P/E ratio of -146.35 and a beta of 1.05. The stock has a 50 day simple moving average of $259.30 and a two-hundred day simple moving average of $220.15. CyberArk Software has a fifty-two week low of $120.11 and a fifty-two week high of $283.00.

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

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds have recently modified their holdings of CYBR. 1832 Asset Management L.P. purchased a new position in CyberArk Software during the 4th quarter valued at about $33,000. FinTrust Capital Advisors LLC acquired a new stake in shares of CyberArk Software during the 4th quarter worth about $34,000. Assetmark Inc. raised its position in shares of 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 in the last quarter. UniSuper Management Pty Ltd acquired a new position in CyberArk Software during the second quarter worth approximately $47,000. Finally, Central Bank & Trust Co. acquired a new position in CyberArk Software during the first quarter worth approximately $53,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

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.