CyberArk Software (NASDAQ:CYBR) Rating Reiterated by JMP Securities

JMP Securities reiterated their market outperform rating on shares of CyberArk Software (NASDAQ:CYBRFree Report) in a report released on Monday, Benzinga reports. They currently have a $310.00 price target on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Cantor Fitzgerald reaffirmed an overweight rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Friday, May 3rd. Rosenblatt Securities reiterated a buy rating and set a $310.00 price target on shares of CyberArk Software in a report on Wednesday, May 1st. Wedbush reiterated an outperform rating and set a $285.00 price target on shares of CyberArk Software in a report on Friday, May 3rd. DA Davidson upped their price target on shares of CyberArk Software from $275.00 to $285.00 and gave the company a buy rating in a report on Wednesday, May 22nd. Finally, Needham & Company LLC reiterated a buy rating and set a $310.00 price target on shares of CyberArk Software in a report on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $270.83.

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CyberArk Software Trading Up 0.6 %

Shares of NASDAQ:CYBR opened at $256.56 on Monday. The company has a 50 day moving average of $240.86 and a 200 day moving average of $240.59. The stock has a market cap of $10.84 billion, a P/E ratio of -400.88 and a beta of 1.08. CyberArk Software has a 12 month low of $142.92 and a 12 month high of $283.00.

CyberArk Software (NASDAQ:CYBRGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The business had revenue of $221.55 million during the quarter, compared to analysts’ expectations of $213.42 million. On average, equities analysts forecast that CyberArk Software will post -1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Montag A & Associates Inc. purchased a new position in shares of CyberArk Software during the 1st quarter valued at approximately $27,000. Arcadia Investment Management Corp MI purchased a new position in CyberArk Software in the 1st quarter valued at $34,000. Blue Bell Private Wealth Management LLC purchased a new position in CyberArk Software in the 1st quarter valued at $34,000. FinTrust Capital Advisors LLC purchased a new position in CyberArk Software in the 4th quarter valued at $34,000. Finally, Central Bank & Trust Co. purchased a new position in CyberArk Software in the 1st quarter valued at $53,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

About CyberArk Software

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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.

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Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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