CyberArk Software (NASDAQ:CYBR) Price Target Raised to $345.00

CyberArk Software (NASDAQ:CYBR) had its price objective lifted by research analysts at Susquehanna from $320.00 to $345.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “positive” rating on the technology company’s stock. Susquehanna’s price objective would suggest a potential upside of 18.31% from the company’s current price.

CYBR has been the subject of a number of other reports. Wedbush increased their price target on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Oppenheimer upped their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group lifted their target price on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Cantor Fitzgerald upped their target price on shares of CyberArk Software from $300.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, Robert W. Baird increased their target price on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $316.19.

CyberArk Software Trading Down 3.0 %

Shares of NASDAQ:CYBR opened at $291.61 on Thursday. The stock has a market cap of $12.71 billion, a PE ratio of -911.28 and a beta of 1.13. The stock’s fifty day simple moving average is $283.33 and its two-hundred day simple moving average is $266.24. CyberArk Software has a 1-year low of $183.28 and a 1-year high of $318.16.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Jennison Associates LLC increased its stake in CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after purchasing an additional 9,570 shares during the period. RGM Capital LLC lifted its stake in shares of CyberArk Software by 2.1% in the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock valued at $222,599,000 after purchasing an additional 16,530 shares during the period. Whale Rock Capital Management LLC boosted its holdings in shares of CyberArk Software by 21.6% during the 1st quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock valued at $122,144,000 after buying an additional 81,801 shares in the last quarter. Swedbank AB boosted its stake in CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after acquiring an additional 45,799 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of CyberArk Software by 38.2% in the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock worth $107,642,000 after purchasing an additional 112,112 shares in 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.