CyberArk Software (NASDAQ:CYBR) Receives Overweight Rating from Cantor Fitzgerald

CyberArk Software (NASDAQ:CYBR - Get Free Report)'s stock had its "overweight" rating reiterated by investment analysts at Cantor Fitzgerald in a report released on Thursday,Benzinga reports. They currently have a $335.00 target price on the technology company's stock. Cantor Fitzgerald's price target points to a potential upside of 11.19% from the company's previous close.

A number of other equities research analysts have also weighed in on CYBR. Wedbush lifted their price objective on CyberArk Software from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, October 1st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $310.00 price target on shares of CyberArk Software in a report on Tuesday, August 6th. Robert W. Baird raised their price objective on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. 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. Finally, BTIG Research lifted their price target on CyberArk Software from $310.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. 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.com, CyberArk Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $328.37.

CyberArk Software Trading Up 3.3 %

NASDAQ:CYBR traded up $9.67 on Thursday, reaching $301.28. The stock had a trading volume of 882,498 shares, compared to its average volume of 524,062. The company has a 50-day moving average of $283.62 and a 200 day moving average of $266.42. The stock has a market cap of $13.13 billion, a P/E ratio of -967.16 and a beta of 1.13. CyberArk Software has a 12-month low of $183.28 and a 12-month high of $318.16.

Hedge Funds Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new stake in shares of CyberArk Software during the 2nd quarter worth $27,000. ORG Partners LLC bought a new position in shares of CyberArk Software in the second quarter worth about $33,000. Assetmark Inc. lifted its position in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after purchasing an additional 123 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in CyberArk Software during the 2nd quarter valued at approximately $39,000. Finally, Transcendent Capital Group LLC bought a new position in CyberArk Software in the 3rd quarter worth approximately $51,000. 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.