Shares of CyberArk Software Ltd. (NASDAQ:CYBR) were up 2.8% on Tuesday . The company traded as high as $50.66 and last traded at $49.72, with a volume of 569,285 shares. The stock had previously closed at $48.37.

A number of analysts have weighed in on CYBR shares. TheStreet raised shares of CyberArk Software from a “sell” rating to a “hold” rating in a report on Friday, June 10th. Summit Research raised shares of CyberArk Software from a “hold” rating to a “buy” rating and increased their target price for the stock from $30.00 to $50.00 in a report on Monday, March 14th. They noted that the move was a valuation call. Bank of America Corp. raised shares of CyberArk Software from a “neutral” rating to a “buy” rating in a report on Friday, May 13th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $60.00 target price on shares of CyberArk Software in a report on Saturday, May 7th. Finally, Vetr raised shares of CyberArk Software from a “buy” rating to a “strong-buy” rating and set a $69.81 target price on the stock in a report on Tuesday, June 14th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $58.05.

The firm’s 50-day moving average is $46.45 and its 200-day moving average is $42.15. The firm has a market capitalization of $1.49 billion and a P/E ratio of 68.97.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, May 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. During the same period last year, the business earned $0.16 earnings per share. The firm earned $46.91 million during the quarter, compared to the consensus estimate of $43.38 million. The firm’s revenue for the quarter was up 42.5% compared to the same quarter last year. Equities research analysts expect that CyberArk Software Ltd. will post $0.92 earnings per share for the current year.

Other hedge funds and institutional investors recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of CyberArk Software by 1.2% in the fourth quarter. Bank of Montreal Can now owns 26,300 shares of the company’s stock worth $1,188,000 after buying an additional 300 shares during the last quarter. Redwood Investments LLC boosted its position in shares of CyberArk Software by 57.5% in the fourth quarter. Redwood Investments LLC now owns 36,388 shares of the company’s stock worth $1,643,000 after buying an additional 13,290 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of CyberArk Software by 62.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 40,540 shares of the company’s stock worth $1,830,000 after buying an additional 15,547 shares during the last quarter. Marshall Wace LLP boosted its position in shares of CyberArk Software by 56.8% in the fourth quarter. Marshall Wace LLP now owns 47,173 shares of the company’s stock worth $2,129,000 after buying an additional 17,095 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of CyberArk Software by 58.2% in the fourth quarter. First Trust Advisors LP now owns 76,591 shares of the company’s stock worth $3,457,000 after buying an additional 28,175 shares during the last quarter.

CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.

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