JMP Securities restated their outperform rating on shares of Cyberark Software (NASDAQ:CYBR) in a research report report published on Tuesday morning, The Fly reports. They currently have a $135.00 price target on the technology company’s stock, up from their previous price target of $130.00.
Several other equities research analysts also recently weighed in on the stock. Morgan Stanley set a $126.00 target price on shares of Cyberark Software and gave the stock a buy rating in a research report on Friday, February 15th. Wedbush boosted their target price on shares of Cyberark Software from $95.00 to $130.00 and gave the stock an outperform rating in a research report on Friday, February 15th. Barclays boosted their target price on shares of Cyberark Software from $112.00 to $122.00 and gave the stock an equal weight rating in a research report on Friday, April 12th. UBS Group downgraded shares of Cyberark Software from a buy rating to a neutral rating and boosted their target price for the stock from $119.00 to $132.00 in a research report on Thursday, April 25th. Finally, FBN Securities assumed coverage on shares of Cyberark Software in a research report on Tuesday, March 19th. They set an outperform rating and a $130.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $107.55.
CYBR opened at $128.81 on Tuesday. The stock has a market capitalization of $4.65 billion, a PE ratio of 90.08, a P/E/G ratio of 5.54 and a beta of 1.87. Cyberark Software has a 1-year low of $58.63 and a 1-year high of $133.49.
Large investors have recently made changes to their positions in the stock. Swedbank acquired a new position in Cyberark Software during the 1st quarter valued at about $120,062,000. Norges Bank acquired a new position in Cyberark Software during the 4th quarter valued at about $35,253,000. Assenagon Asset Management S.A. boosted its stake in Cyberark Software by 2,646.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 371,977 shares of the technology company’s stock valued at $44,284,000 after purchasing an additional 358,435 shares during the period. Bank of America Corp DE boosted its stake in Cyberark Software by 198.9% during the 4th quarter. Bank of America Corp DE now owns 520,239 shares of the technology company’s stock valued at $38,570,000 after purchasing an additional 346,194 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Cyberark Software by 128.5% during the 1st quarter. Renaissance Technologies LLC now owns 449,700 shares of the technology company’s stock valued at $53,537,000 after purchasing an additional 252,900 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.
Cyberark Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.
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