JMP Securities Raises CyberArk Software (NASDAQ:CYBR) Price Target to $360.00

CyberArk Software (NASDAQ:CYBR) had its price target upped by JMP Securities from $310.00 to $360.00 in a research report released on Thursday,Benzinga reports. They currently have a market outperform rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. Wedbush increased their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. BTIG Research boosted their price objective on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Citigroup increased their target price on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Barclays raised their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Stock Up 1.3 %

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

Institutional Trading of CyberArk Software

Large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in CyberArk Software in the second quarter valued at about $27,000. ORG Partners LLC purchased a new position in CyberArk Software in the second quarter valued at approximately $33,000. 1620 Investment Advisors Inc. bought a new position in CyberArk Software during the second quarter valued at $39,000. Assetmark Inc. grew its holdings in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the period. Finally, Arcadia Investment Management Corp MI increased its position in CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

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.