A number of other brokerages have also issued reports on CYBR. Cantor Fitzgerald raised their price objective on shares of CyberArk Software from $300.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. JMP Securities boosted their price objective on CyberArk Software from $310.00 to $360.00 and gave the stock a "market outperform" rating in a research report on Thursday. Jefferies Financial Group increased their price target on CyberArk Software from $315.00 to $330.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Rosenblatt Securities restated a "buy" rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Tuesday, August 6th. Finally, BTIG Research increased their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $316.38.
View Our Latest Stock Report on CyberArk Software
CYBR stock opened at $291.61 on Thursday. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of -911.28 and a beta of 1.13. CyberArk Software has a fifty-two week low of $183.28 and a fifty-two week high of $318.16. The business's fifty day moving average price is $283.33 and its two-hundred day moving average price is $266.24.
Several large investors have recently made changes to their positions in CYBR. Mather Group LLC. acquired a new position in shares of CyberArk Software during the second quarter worth $27,000. ORG Partners LLC acquired a new position in CyberArk Software during the 2nd quarter valued at approximately $33,000. 1620 Investment Advisors Inc. acquired a new stake in shares of CyberArk Software in the second quarter valued at approximately $39,000. Assetmark Inc. boosted its position in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after acquiring an additional 123 shares during the period. Finally, Arcadia Investment Management Corp MI grew its position in CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock valued at $50,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.
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.
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