CyberArk Software Ltd. (NASDAQ:CYBR – Get Free Report) shares rose 8.4% on Thursday. The stock reached $271.00 and was last traded at $263.97. 135,040 shares traded hands during trading, a 75% decline from the average session volume of 545,226 shares. The stock had previously closed at $243.47.
Wall Street analysts predict growth
Several analysts have commented on CYBR shares. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of CyberArk Software in a research report on Tuesday, June 25th. Barclays increased their price target on shares of CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Bank of America reiterated a “buy” rating and issued a $315.00 price target on shares of CyberArk Software in a report on Wednesday, April 24th. Wedbush increased their price target on CyberArk Software from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday. Finally, JMP Securities reiterated a “market outperform” rating and set a $310.00 price target on shares of CyberArk Software in a research note on Monday, June 17. Two equities analysts have rated the stock with a “hold” rating and 24 have given a “buy” rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “moderate buy” and an average price target of $286.20.
Check out our latest stock analysis on CyberArk Software
CyberArk Software shares rise 3.8%
The company has a market cap of $11.57 billion, a P/E ratio of -427.69 and a beta of 1.14. The company’s 50-day moving average is $258.55 and its 200-day moving average is $252.63.
Institutional trading with CyberArk software
Hedge funds have recently made changes to their positions in the stock. Mather Group LLC. acquired a new stake in CyberArk Software in the second quarter valued at about $27,000. Montag A & Associates Inc. acquired a new stake in CyberArk Software in the 1st quarter valued at about $27,000. ORG Partners LLC acquired a new stake in CyberArk Software in the second quarter valued at about $33,000. Blue Bell Private Wealth Management LLC acquired a new stake in CyberArk Software in the first quarter valued at about $34,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in CyberArk Software in the first quarter valued at about $34,000. 91.84% of the shares are owned by institutional investors.
About CyberArk Software
(Get free report)
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 worldwide. Its solutions include Privileged Access Manager, which provides risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access for 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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