CyberArk Software’s (CYBR) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of CyberArk Software (NASDAQ:CYBR) in a research report released on Thursday,Benzinga reports. The brokerage currently has a $335.00 price objective on the technology company’s stock.

Several other brokerages also recently commented on CYBR. Citigroup increased their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Royal Bank of Canada assumed coverage on shares of CyberArk Software in a research note on Friday, September 20th. They issued an “outperform” rating and a $328.00 price objective for the company. JMP Securities increased their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the company a “market outperform” rating in a research note on Thursday. Piper Sandler upped their price target on shares of CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, UBS Group upped their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Trading Up 0.8 %

NASDAQ: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 market capitalization of $13.24 billion, a price-to-earnings ratio of 1,111.15 and a beta of 1.13. The firm has a 50 day moving average of $283.62 and a two-hundred day moving average of $266.42. CyberArk Software has a 52 week low of $183.28 and a 52 week high of $318.16.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CYBR. Swedbank AB bought a new position in shares of CyberArk Software in the first quarter valued at $109,466,000. 1832 Asset Management L.P. lifted its position in shares of CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after purchasing an additional 358,602 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of CyberArk Software during the third quarter valued at about $82,485,000. Anomaly Capital Management LP bought a new position in shares of CyberArk Software during the second quarter valued at about $49,145,000. Finally, Clearbridge Investments LLC lifted its position in shares of CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after purchasing an additional 160,269 shares in the last quarter. 91.84% of the stock is owned by 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.