CyberArk Software (NASDAQ:CYBR) Receives Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of CyberArk Software (NASDAQ:CYBR) in a report issued on Thursday,Benzinga reports. They currently have a $335.00 target price on the technology company’s stock.

Several other equities research analysts also recently issued reports on CYBR. Citigroup lifted their price target on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. DA Davidson boosted their price target on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Mizuho raised their price objective on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Piper Sandler upped their target price on CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Jefferies Financial Group increased their target price on CyberArk Software from $315.00 to $330.00 and gave the company 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Up 1.3 %

Shares of NASDAQ:CYBR opened at $305.27 on Thursday. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 1,130.67 and a beta of 1.13. The company has a 50 day moving average of $285.06 and a two-hundred day moving average of $267.09. CyberArk Software has a 52-week low of $183.28 and a 52-week high of $318.16.

Hedge Funds Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. acquired a new stake in shares of CyberArk Software in the 2nd quarter worth about $27,000. ORG Partners LLC bought a new position in CyberArk Software in the 2nd quarter worth about $33,000. Assetmark Inc. increased its stake in shares of CyberArk Software by 1,025.0% in 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. 1620 Investment Advisors Inc. bought a new stake in shares of CyberArk Software during the second quarter valued at approximately $39,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of CyberArk Software during the third quarter worth approximately $51,000. Institutional investors and hedge funds 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.