CyberArk Software’s (CYBR) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of CyberArk Software (NASDAQ:CYBR) in a research note released on Monday morning,Benzinga reports. Cantor Fitzgerald currently has a $415.00 price objective on the technology company’s stock. Cantor Fitzgerald also issued estimates for CyberArk Software’s FY2024 earnings at ($0.55) EPS and FY2025 earnings at ($0.28) EPS.

CYBR has been the topic of a number of other research reports. Robert W. Baird lifted their price target on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Oppenheimer boosted their target price on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. UBS Group lifted their price objective on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. BTIG Research raised their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Barclays boosted their target price on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $363.56.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $368.52 on Monday. CyberArk Software has a one year low of $223.09 and a one year high of $376.61. The stock has a market cap of $16.06 billion, a price-to-earnings ratio of 1,364.94 and a beta of 1.13. The business’s 50-day simple moving average is $332.21 and its 200 day simple moving average is $297.43.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.31) EPS. On average, equities research analysts predict that CyberArk Software will post -0.58 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software during the fourth quarter valued at about $25,000. Assetmark Inc. raised its holdings in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of CyberArk Software during the fourth quarter valued at $50,000. Transcendent Capital Group LLC bought a new stake in shares of CyberArk Software in the 3rd quarter worth about $51,000. Finally, Kieckhefer Group LLC acquired a new position in CyberArk Software in the fourth quarter valued at about $67,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.