UBS Group Issues Positive Forecast for CyberArk Software (NASDAQ:CYBR) Stock Price

CyberArk Software (NASDAQ:CYBR) had its target price raised by UBS Group from $340.00 to $360.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities research analysts have also issued reports about the stock. Robert W. Baird boosted their price objective on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Rosenblatt Securities restated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Tuesday, August 6th. DA Davidson boosted their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Mizuho upped their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Scotiabank began coverage on shares of CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target for the company. One research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Trading Up 0.8 %

Shares of CYBR traded up $2.51 during mid-day trading on Thursday, reaching $303.79. The company’s stock had a trading volume of 494,735 shares, compared to its average volume of 523,930. The stock has a market cap of $13.24 billion, a PE ratio of 1,111.15 and a beta of 1.13. CyberArk Software has a 52 week low of $183.28 and a 52 week high of $318.16. The company’s fifty day moving average price is $283.62 and its two-hundred day moving average price is $266.42.

Institutional Trading of CyberArk Software

Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in CyberArk Software by 58.3% during the 1st quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock valued at $8,830,000 after purchasing an additional 12,242 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in CyberArk Software during the 1st quarter valued at about $2,741,000. Price T Rowe Associates Inc. MD lifted its stake in CyberArk Software by 715.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company’s stock valued at $14,946,000 after acquiring an additional 49,360 shares during the period. Ensign Peak Advisors Inc bought a new position in CyberArk Software during the 2nd quarter valued at about $711,000. Finally, 1832 Asset Management L.P. lifted its stake in CyberArk Software by 1,291.7% during the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after acquiring an additional 358,602 shares during the period. 91.84% of the stock is owned by hedge funds and other 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.