CyberArk Software (NASDAQ:CYBR) Given “Overweight” Rating at Cantor Fitzgerald

CyberArk Software (NASDAQ:CYBR)‘s stock had its “overweight” rating restated by Cantor Fitzgerald in a research report issued on Thursday,Benzinga reports. They presently have a $335.00 price objective on the technology company’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 12.15% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Oppenheimer lifted their target price on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Scotiabank started coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price on the stock. JMP Securities increased their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research note on Thursday. Wedbush lifted their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Finally, BTIG Research increased their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.56.

CyberArk Software Stock Up 2.4 %

CYBR traded up $7.09 during trading on Thursday, reaching $298.70. 122,880 shares of the stock traded hands, compared to its average volume of 520,451. The stock’s 50-day moving average is $283.33 and its 200 day moving average is $266.24. 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 $13.01 billion, a PE ratio of -925.06 and a beta of 1.13.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Mather Group LLC. purchased a new position in CyberArk Software during the 2nd quarter valued at about $27,000. ORG Partners LLC purchased a new stake in shares of CyberArk Software in the second quarter worth about $33,000. Assetmark Inc. boosted its position 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 acquiring an additional 123 shares during the period. 1620 Investment Advisors Inc. purchased a new position in CyberArk Software during the second quarter valued at approximately $39,000. Finally, Transcendent Capital Group LLC bought a new stake in CyberArk Software during the 3rd quarter worth approximately $51,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

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.