CyberArk Software (NASDAQ:CYBR) Stock Price Expected to Rise, Barclays Analyst Says

CyberArk Software (NASDAQ:CYBR) had its price target boosted by Barclays from $330.00 to $335.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

CYBR has been the topic of several other reports. DA Davidson upped their price objective on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Jefferies Financial Group upped their price objective on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Mizuho upped their price objective on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Piper Sandler upped their price objective on CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Wedbush increased their target price on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Trading Up 0.8 %

Shares of NASDAQ:CYBR traded up $2.51 on Thursday, hitting $303.79. The company had a trading volume of 494,735 shares, compared to its average volume of 523,930. CyberArk Software has a 52-week low of $183.28 and a 52-week high of $318.16. The business has a 50 day moving average of $283.62 and a 200 day moving average of $266.42. The company has a market cap of $13.24 billion, a PE ratio of 1,111.15 and a beta of 1.13.

Institutional Investors Weigh In On CyberArk Software

Hedge funds have recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in CyberArk Software during the 2nd quarter valued at approximately $27,000. ORG Partners LLC bought a new position in CyberArk Software during the 2nd quarter worth approximately $33,000. 1620 Investment Advisors Inc. bought a new position in CyberArk Software during the 2nd quarter worth approximately $39,000. Assetmark Inc. lifted its holdings in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares during the last quarter. Finally, Arcadia Investment Management Corp MI lifted its holdings in CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

About CyberArk Software

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.