Cyberark Software Ltd (NASDAQ:CYBR) traded up 6.2% during mid-day trading on Tuesday . The company traded as high as $127.35 and last traded at $127.31. 1,335,643 shares were traded during trading, an increase of 37% from the average session volume of 977,897 shares. The stock had previously closed at $119.89.

A number of equities research analysts have recently issued reports on the company. Wedbush boosted their price objective on Cyberark Software to $140.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Zacks Investment Research cut Cyberark Software from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Mizuho assumed coverage on Cyberark Software in a report on Tuesday, March 26th. They set a “buy” rating and a $135.00 price objective for the company. Citigroup boosted their price objective on Cyberark Software from $111.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Finally, BidaskClub upgraded Cyberark Software from a “buy” rating to a “strong-buy” rating in a report on Friday, May 24th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $109.81.

The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 89.03, a P/E/G ratio of 7.02 and a beta of 1.72.

Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings results on Tuesday, May 14th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.33. Cyberark Software had a net margin of 14.79% and a return on equity of 12.73%. The company had revenue of $95.94 million during the quarter, compared to the consensus estimate of $92.42 million. During the same period in the previous year, the business earned $0.32 earnings per share. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. Equities research analysts anticipate that Cyberark Software Ltd will post 1.19 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc boosted its holdings in Cyberark Software by 131.3% in the fourth quarter. IFP Advisors Inc now owns 1,413 shares of the technology company’s stock valued at $104,000 after purchasing an additional 802 shares in the last quarter. Quantamental Technologies LLC acquired a new position in Cyberark Software in the fourth quarter valued at approximately $59,000. Oppenheimer & Co. Inc. acquired a new position in Cyberark Software in the fourth quarter valued at approximately $1,051,000. Advisors Asset Management Inc. boosted its holdings in Cyberark Software by 28.5% in the fourth quarter. Advisors Asset Management Inc. now owns 20,382 shares of the technology company’s stock valued at $1,511,000 after purchasing an additional 4,517 shares in the last quarter. Finally, Sigma Planning Corp acquired a new position in Cyberark Software in the fourth quarter valued at approximately $316,000. Institutional investors and hedge funds own 71.99% of the company’s stock.

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About Cyberark Software (NASDAQ:CYBR)

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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