CyberArk Software’s (CYBR) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of CyberArk Software (NASDAQ:CYBRFree Report) in a research report report published on Monday morning, Benzinga reports. They currently have a $310.00 price objective on the technology company’s stock.

A number of other research analysts have also weighed in on CYBR. Wedbush reaffirmed an outperform rating and set a $285.00 price objective on shares of CyberArk Software in a report on Friday, May 3rd. JMP Securities reaffirmed a market outperform rating and set a $280.00 price objective on shares of CyberArk Software in a report on Tuesday, May 14th. BTIG Research initiated coverage on CyberArk Software in a report on Thursday, March 28th. They set a buy rating and a $317.00 price objective on the stock. Cantor Fitzgerald reaffirmed an overweight rating and set a $300.00 price objective on shares of CyberArk Software in a report on Friday, May 3rd. Finally, Susquehanna upped their price objective on CyberArk Software from $255.00 to $310.00 and gave the stock a positive rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $266.04.

Check Out Our Latest Analysis on CyberArk Software

CyberArk Software Trading Down 0.5 %

NASDAQ:CYBR opened at $244.52 on Monday. The firm has a market cap of $10.33 billion, a P/E ratio of -382.06 and a beta of 1.06. The stock’s 50 day simple moving average is $248.86 and its 200-day simple moving average is $233.13. CyberArk Software has a 12-month low of $142.92 and a 12-month high of $283.00.

Hedge Funds Weigh In On CyberArk Software

Several large investors have recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its position in CyberArk Software by 81.4% during the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock worth $230,871,000 after buying an additional 472,961 shares during the period. Polar Capital Holdings Plc lifted its position in CyberArk Software by 15.4% during the third quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company’s stock worth $97,412,000 after buying an additional 79,506 shares during the period. TimesSquare Capital Management LLC lifted its position in CyberArk Software by 2.1% during the third quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock worth $90,724,000 after buying an additional 11,387 shares during the period. Norges Bank acquired a new stake in CyberArk Software during the fourth quarter worth about $100,797,000. Finally, Whale Rock Capital Management LLC increased its stake in CyberArk Software by 21.6% during the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after acquiring an additional 81,801 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

Receive News & Ratings for CyberArk Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software and related companies with MarketBeat.com's FREE daily email newsletter.