CyberArk Software (NASDAQ:CYBR) Stock Rating Reaffirmed by JMP Securities

JMP Securities restated their market outperform rating on shares of CyberArk Software (NASDAQ:CYBR) in a research report released on Tuesday, Benzinga reports. They currently have a $280.00 price objective on the technology company’s stock.

Several other research firms have also weighed in on CYBR. 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 report on Friday, February 9th. Truist Financial lifted their target price on shares of CyberArk Software from $250.00 to $300.00 and gave the company a buy rating in a research note on Friday, February 9th. Mizuho increased their price target on CyberArk Software from $250.00 to $310.00 and gave the stock a buy rating in a research report on Friday, February 9th. DA Davidson cut their price objective on CyberArk Software from $300.00 to $275.00 and set a buy rating for the company in a research report on Friday, May 3rd. Finally, Cantor Fitzgerald restated an overweight rating and set a $300.00 target price on shares of CyberArk Software in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $265.63.

CyberArk Software Trading Up 0.7 %

Shares of CyberArk Software stock opened at $246.33 on Tuesday. CyberArk Software has a 1 year low of $142.37 and a 1 year high of $283.00. The company’s fifty day simple moving average is $250.19 and its 200-day simple moving average is $230.48. The company has a market cap of $10.41 billion, a price-to-earnings ratio of -389.23 and a beta of 1.06.

Institutional Trading of CyberArk Software

Hedge funds have recently made changes to their positions in the stock. TimesSquare Capital Management LLC increased its holdings in shares of CyberArk Software by 2.1% in the third quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock worth $90,724,000 after buying an additional 11,387 shares during the period. Dorsey & Whitney Trust CO LLC bought a new position in shares of CyberArk Software in the third quarter worth approximately $217,000. M&T Bank Corp increased its stake in shares of CyberArk Software by 9.2% in the third quarter. M&T Bank Corp now owns 2,723 shares of the technology company’s stock worth $446,000 after buying an additional 230 shares during the period. Acadian Asset Management LLC raised its holdings in CyberArk Software by 226.3% during 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 during the last quarter. Finally, Nordea Investment Management AB boosted its position in CyberArk Software by 9.6% during the 4th quarter. Nordea Investment Management AB now owns 2,841 shares of the technology company’s stock valued at $624,000 after buying an additional 250 shares during the period. 91.84% of the stock is owned by institutional investors.

About CyberArk Software

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.