Mizuho Boosts CyberArk Software (NASDAQ:CYBR) Price Target to $310.00

CyberArk Software (NASDAQ:CYBRGet Free Report) had its target price boosted by stock analysts at Mizuho from $250.00 to $310.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Mizuho’s price objective suggests a potential upside of 10.20% from the company’s previous close.

A number of other equities research analysts have also recently commented on CYBR. Wells Fargo & Company increased their target price on shares of CyberArk Software from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Needham & Company LLC upped their price target on shares of CyberArk Software from $245.00 to $310.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial upped their price target on shares of CyberArk Software from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Wedbush upped their price target on shares of CyberArk Software from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of CyberArk Software from $207.00 to $248.00 and gave the company an “overweight” rating in a research note on Monday, December 11th. Two research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $250.91.

Read Our Latest Research Report on CyberArk Software

CyberArk Software Trading Up 7.5 %

NASDAQ:CYBR opened at $281.31 on Friday. CyberArk Software has a 52 week low of $120.11 and a 52 week high of $281.72. The firm has a 50 day moving average of $222.40 and a 200 day moving average of $187.01. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of -173.65 and a beta of 1.06.

Hedge Funds Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Desjardins Global Asset Management Inc. purchased a new position in CyberArk Software during the second quarter valued at $34,000. Assetmark Inc. lifted its holdings in CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after purchasing an additional 95 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in CyberArk Software during the fourth quarter valued at $33,000. UniSuper Management Pty Ltd purchased a new position in CyberArk Software during the second quarter valued at $47,000. Finally, Covestor Ltd purchased a new position in CyberArk Software during the first quarter valued at $73,000. 92.14% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Company Profile

(Get Free Report)

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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