CyberArk Software (NASDAQ:CYBR – Free Report) had its price objective lifted by Truist Financial from $250.00 to $300.00 in a report issued on Friday, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.
Several other equities analysts have also weighed in on the stock. Mizuho raised their price objective on shares of CyberArk Software from $250.00 to $310.00 and gave the company a buy rating in a research report on Friday. Jefferies Financial Group began coverage on CyberArk Software in a report on Friday, December 15th. They set a buy rating and a $240.00 target price on the stock. Wedbush lifted their price target on shares of CyberArk Software from $185.00 to $200.00 and gave the company an outperform rating in a research report on Friday, November 3rd. KeyCorp lifted their price target on shares of CyberArk Software from $274.00 to $305.00 and gave the company an overweight rating in a research report on Friday. Finally, UBS Group lifted their price target on shares of CyberArk Software from $215.00 to $260.00 and gave the company a buy rating in a research report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $250.91.
CyberArk Software Stock Down 3.9 %
Institutional Investors Weigh In On CyberArk Software
Institutional investors and hedge funds have recently bought and sold shares of the business. Desjardins Global Asset Management Inc. bought a new stake in CyberArk Software in the 2nd quarter valued at $34,000. Assetmark Inc. grew its stake in shares of CyberArk Software by 62.1% in the 3rd quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after purchasing an additional 95 shares during the period. 1832 Asset Management L.P. bought a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $33,000. UniSuper Management Pty Ltd bought a new stake in shares of CyberArk Software in the 2nd quarter valued at approximately $47,000. Finally, Covestor Ltd bought a new stake in shares of CyberArk Software in the 1st quarter valued at approximately $73,000. Institutional investors own 92.14% of the company’s stock.
CyberArk Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
- Five stocks we like better than CyberArk Software
- Investing in Vaccines 101: How to Invest in Vaccine Stocks
- 3 attractive stocks that insiders are buying
- 3 Small Caps With Big Return Potential
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- Stock Splits, Do They Really Impact Investors?
- Wendy’s vs Shake Shack: Out with the new, in with the old?
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.