CyberArk Software (NASDAQ:CYBR) Price Target Raised to $335.00 at Barclays

CyberArk Software (NASDAQ:CYBR) had its price objective upped by Barclays from $330.00 to $335.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other research analysts have also recently weighed in on the stock. Susquehanna lifted their price target on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday. Piper Sandler boosted their price target on CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday. Cantor Fitzgerald upped their price target on CyberArk Software from $300.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Jefferies Financial Group lifted their price objective on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Mizuho increased their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Trading Up 1.3 %

CYBR opened at $305.27 on Thursday. The company’s 50 day moving average is $285.06 and its 200 day moving average is $267.09. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 1,130.67 and a beta of 1.13. CyberArk Software has a 12-month low of $183.28 and a 12-month high of $318.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Mather Group LLC. bought a new position in CyberArk Software during the second quarter valued at $27,000. ORG Partners LLC purchased a new stake in shares of CyberArk Software during the 2nd quarter valued at about $33,000. 1620 Investment Advisors Inc. bought a new position in shares of CyberArk Software in the 2nd quarter valued at about $39,000. Assetmark Inc. grew its position in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI increased its stake in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after acquiring an additional 54 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Company Profile

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.