CyberArk Software (NASDAQ:CYBR) Given New $300.00 Price Target at Truist Financial

CyberArk Software (NASDAQ:CYBRFree Report) had its price objective raised by Truist Financial from $250.00 to $300.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Other analysts have also recently issued reports about the stock. Morgan Stanley cut shares of CyberArk Software from an overweight rating to an equal weight rating and increased their price objective for the stock from $195.00 to $240.00 in a research note on Tuesday, January 9th. Stephens upped their target price on shares of CyberArk Software from $210.00 to $220.00 and gave the stock an overweight rating in a research report on Friday, November 3rd. JPMorgan Chase & Co. upped their target price on shares of CyberArk Software from $207.00 to $248.00 and gave the stock an overweight rating in a research report on Monday, December 11th. JMP Securities upped their target price on shares of CyberArk Software from $195.00 to $280.00 and gave the stock a market outperform rating in a research report on Wednesday, January 31st. Finally, Susquehanna upped their target price on shares of CyberArk Software from $255.00 to $310.00 and gave the stock a positive rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $250.91.

View Our Latest Research Report on CYBR

CyberArk Software Stock Up 7.5 %

Shares of CYBR stock opened at $281.31 on Friday. The company has a 50 day simple moving average of $220.81 and a two-hundred day simple moving average of $186.15. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.79. The stock has a market cap of $11.54 billion, a P/E ratio of -119.20 and a beta of 1.06. CyberArk Software has a 12 month low of $120.11 and a 12 month high of $281.72.

Institutional Investors Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently made changes to their positions in CYBR. Whale Rock Capital Management LLC increased its position in CyberArk Software by 513.7% during the 2nd quarter. Whale Rock Capital Management LLC now owns 836,516 shares of the technology company’s stock valued at $130,773,000 after purchasing an additional 700,210 shares during the period. Jennison Associates LLC boosted its holdings in shares of CyberArk Software by 81.4% in the 4th quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock valued at $230,871,000 after buying an additional 472,961 shares in the last quarter. Norges Bank bought a new stake in shares of CyberArk Software in the 4th quarter valued at about $100,797,000. Lazard Asset Management LLC boosted its holdings in shares of CyberArk Software by 21.0% in the 2nd quarter. Lazard Asset Management LLC now owns 1,557,966 shares of the technology company’s stock valued at $243,556,000 after buying an additional 269,922 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of CyberArk Software by 226.3% in the 3rd quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock valued at $48,434,000 after buying an additional 205,224 shares in the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.

CyberArk Software Company Profile

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CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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