Stifel Nicolaus Forecasts Strong Price Appreciation for CyberArk Software (NASDAQ:CYBR) Stock

CyberArk Software (NASDAQ:CYBR) had its target price boosted by Stifel Nicolaus from $306.00 to $335.00 in a research note issued to investors on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

CYBR has been the subject of several other reports. Cantor Fitzgerald restated an “overweight” rating and issued a $335.00 price target on shares of CyberArk Software in a research report on Thursday. Robert W. Baird raised their target price on CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BTIG Research upped their price target on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Susquehanna increased their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Royal Bank of Canada began coverage on CyberArk Software in a research note on Friday, September 20th. They issued an “outperform” rating and a $328.00 price objective on the stock. One analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Price Performance

CyberArk Software stock opened at $305.27 on Thursday. The business has a 50 day moving average of $285.06 and a 200-day moving average of $267.09. The company has a market capitalization of $13.30 billion, a P/E ratio of 1,130.67 and a beta of 1.13. CyberArk Software has a 1 year low of $183.28 and a 1 year high of $318.16.

Institutional Trading of CyberArk Software

A number of hedge funds and other institutional investors have recently bought and sold shares of CYBR. Greenleaf Trust grew its holdings in shares of CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after buying an additional 45 shares during the last quarter. Signaturefd LLC boosted its stake in CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after purchasing an additional 49 shares during the last quarter. Austin Private Wealth LLC boosted its stake in CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after purchasing an additional 52 shares during the last quarter. Arcadia Investment Management Corp MI increased its holdings in 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 purchasing an additional 54 shares in the last quarter. Finally, Juncture Wealth Strategies LLC raised its stake in shares of CyberArk Software by 2.1% in the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock worth $825,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

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.