CyberArk Software (NASDAQ:CYBR) Price Target Raised to $358.00

CyberArk Software (NASDAQ:CYBR) had its price objective increased by Royal Bank of Canada from $328.00 to $358.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the stock. BTIG Research lifted their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Rosenblatt Securities restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a report on Tuesday, August 6th. Wedbush upped their price target on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Barclays boosted their target price on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Mizuho upped their target price on CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Stock Performance

Shares of CYBR opened at $305.27 on Thursday. The firm has a market cap of $13.30 billion, a PE ratio of 1,130.67 and a beta of 1.13. The firm’s 50 day moving average price is $285.06 and its 200 day moving average price is $267.09. CyberArk Software has a twelve month low of $183.28 and a twelve month high of $318.16.

Institutional Trading of CyberArk Software

Several institutional investors have recently made changes to their positions in CYBR. Mather Group LLC. acquired a new position in CyberArk Software in the second quarter worth about $27,000. ORG Partners LLC acquired a new position in shares of CyberArk Software in the 2nd quarter worth approximately $33,000. 1620 Investment Advisors Inc. bought a new position in shares of CyberArk Software during the 2nd quarter worth approximately $39,000. Assetmark Inc. boosted its stake in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI grew its position in CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the period. 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.