Cyberark Software (CYBR) Trading 6.2% Higher
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.
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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