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

CyberArk Software (NASDAQ:CYBR) had its price target upped by Susquehanna from $320.00 to $345.00 in a research report report published on Thursday,Benzinga reports. They currently have a positive rating on the technology company’s stock.

A number of other brokerages have also weighed in on CYBR. Scotiabank initiated coverage on CyberArk Software in a research note on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target on the stock. Oppenheimer boosted their price target on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Barclays boosted their price target on CyberArk Software from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Wedbush boosted their price target on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, Jefferies Financial Group boosted 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. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Stock Performance

CYBR traded up $2.51 on Thursday, hitting $303.79. The company had a trading volume of 494,735 shares, compared to its average volume of 523,930. The stock has a fifty day moving average price of $283.62 and a 200-day moving average price of $266.42. CyberArk Software has a 12-month low of $183.28 and a 12-month high of $318.16. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 1,111.15 and a beta of 1.13.

Institutional Inflows and Outflows

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 2nd quarter worth approximately $27,000. ORG Partners LLC acquired a new position in shares of CyberArk Software during the 2nd quarter worth approximately $33,000. 1620 Investment Advisors Inc. acquired a new position in shares of CyberArk Software during the 2nd quarter worth approximately $39,000. Assetmark Inc. raised its stake in shares of 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 buying an additional 123 shares during the period. Finally, Arcadia Investment Management Corp MI raised its stake in shares of CyberArk Software by 42.2% during the 2nd 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 period. 91.84% of the stock is owned by institutional investors and hedge funds.

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.