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

CyberArk Software (NASDAQ:CYBR)‘s stock had its “buy” rating reaffirmed by stock analysts at Rosenblatt Securities in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $445.00 price target on the technology company’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 21.04% from the stock’s previous close.

CYBR has been the topic of a number of other research reports. Truist Financial dropped their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Monday, March 31st. KeyCorp dropped their price target on shares of CyberArk Software from $485.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Scotiabank lifted their price target on CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Citigroup increased their price objective on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Roth Capital started coverage on CyberArk Software in a research note on Tuesday. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $415.18.

CyberArk Software Trading Up 2.3%

NASDAQ:CYBR opened at $367.66 on Tuesday. The stock has a 50 day moving average of $340.97 and a 200-day moving average of $339.30. The firm has a market capitalization of $18.17 billion, a PE ratio of -188.54 and a beta of 0.99. CyberArk Software has a 52 week low of $223.41 and a 52 week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.53). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, analysts predict that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Venturi Wealth Management LLC grew its stake in CyberArk Software by 3.6% during the 1st quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company’s stock valued at $282,000 after acquiring an additional 29 shares in the last quarter. Prudential PLC lifted its position in shares of CyberArk Software by 2.4% in the first quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock worth $432,000 after purchasing an additional 30 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after purchasing an additional 34 shares during the period. CenterBook Partners LP grew its position in CyberArk Software by 2.4% during the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock valued at $534,000 after purchasing an additional 38 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its position in CyberArk Software by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock valued at $2,415,000 after purchasing an additional 38 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.