CyberArk Software (NASDAQ:CYBR) Price Target Raised to $335.00 at Barclays

CyberArk Software (NASDAQ:CYBR) had its price objective increased by Barclays from $330.00 to $335.00 in a research note published on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

Several other research firms have also recently weighed in on CYBR. Rosenblatt Securities restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research note on Tuesday, August 6th. Susquehanna boosted their target price on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday. KeyCorp boosted their target price on CyberArk Software from $340.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday. Cantor Fitzgerald boosted their price objective on CyberArk Software from $300.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, Mizuho boosted their price objective on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Performance

Shares of CYBR traded up $2.51 during midday trading on Thursday, hitting $303.79. The company had a trading volume of 494,735 shares, compared to its average volume of 523,930. The company’s 50-day simple moving average is $283.62 and its 200-day simple moving average is $266.42. The firm has a market capitalization of $13.24 billion, a P/E ratio of 1,111.15 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 Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in CyberArk Software by 58.3% during the first quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock worth $8,830,000 after acquiring an additional 12,242 shares during the period. Quadrature Capital Ltd purchased a new stake in CyberArk Software during the first quarter worth $2,741,000. Price T Rowe Associates Inc. MD boosted its position in CyberArk Software by 715.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company’s stock worth $14,946,000 after purchasing an additional 49,360 shares in the last quarter. Ensign Peak Advisors Inc purchased a new stake in CyberArk Software during the second quarter worth $711,000. Finally, 1832 Asset Management L.P. boosted its position in 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 worth $102,630,000 after purchasing an additional 358,602 shares in 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.