CyberArk Software (NASDAQ:CYBR – Free Report) had its price target raised by Truist Financial from $250.00 to $300.00 in a research report sent to investors on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the technology company’s stock.
A number of other research analysts have also recently issued reports on the stock. Morgan Stanley cut shares of CyberArk Software from an overweight rating to an equal weight rating and lifted their price objective for the company from $195.00 to $240.00 in a research note on Tuesday, January 9th. JPMorgan Chase & Co. lifted their price objective on shares of CyberArk Software from $207.00 to $248.00 and gave the company an overweight rating in a research note on Monday, December 11th. Rosenblatt Securities lifted their price objective on shares of CyberArk Software from $265.00 to $300.00 and gave the company a buy rating in a research note on Friday. Jefferies Financial Group began coverage on shares of CyberArk Software in a research note on Friday, December 15th. They issued a buy rating and a $240.00 price objective on the stock. Finally, JMP Securities lifted their price objective on shares of CyberArk Software from $195.00 to $280.00 and gave the company a market outperform rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $250.91.
View Our Latest Research Report on CyberArk Software
CyberArk Software Stock Up 7.5 %
Shares of CYBR opened at $281.31 on Friday. CyberArk Software has a 12 month low of $120.11 and a 12 month high of $281.72. The firm’s 50 day moving average is $222.40 and its 200-day moving average is $187.01. The stock has a market capitalization of $11.54 billion, a PE ratio of -173.65 and a beta of 1.06. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.79.
Institutional Investors Weigh In On CyberArk Software
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Desjardins Global Asset Management Inc. bought a new stake in shares of CyberArk Software during the second quarter worth about $34,000. Assetmark Inc. increased its position in shares of CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after acquiring an additional 95 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in shares of CyberArk Software during the fourth quarter worth about $33,000. UniSuper Management Pty Ltd bought a new stake in shares of CyberArk Software during the second quarter worth about $47,000. Finally, Covestor Ltd bought a new stake in CyberArk Software in the 1st quarter worth about $73,000. 92.14% of the stock is owned by institutional investors.
CyberArk Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
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Source: defenseworld.net
