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

CyberArk Software (NASDAQ:CYBR) had its price target upped by Susquehanna from $320.00 to $345.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a positive rating on the technology company’s stock.

Several other brokerages also recently commented on CYBR. Needham & Company LLC restated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. Cantor Fitzgerald boosted their price target on shares of CyberArk Software from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Citigroup raised their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 9th. JMP Securities reissued a “market outperform” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Monday, November 4th. Finally, Wedbush raised their price target on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. One research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Price Performance

Shares of CYBR stock opened at $305.27 on Thursday. The stock’s fifty day simple moving average is $285.06 and its 200 day simple moving average is $267.09. CyberArk Software has a one year low of $183.28 and a one year high of $318.16. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 1,130.67 and a beta of 1.13.

Institutional Trading of CyberArk Software

Institutional investors have recently bought and sold shares of the business. Swedbank AB acquired a new position in shares of CyberArk Software in the 1st quarter valued at $109,466,000. 1832 Asset Management L.P. increased its holdings in CyberArk Software by 1,291.7% in 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 during the last quarter. International Assets Investment Management LLC acquired a new position in CyberArk Software in the third quarter valued at about $82,485,000. Anomaly Capital Management LP bought a new position in CyberArk Software during the second quarter worth about $49,145,000. Finally, Clearbridge Investments LLC boosted its holdings in CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after buying an additional 160,269 shares during the last quarter. 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.