CyberArk Software Ltd. (NASDAQ:CYBR) shares saw an uptick in trading volume on Monday . 661,726 shares changed hands during mid-day trading, a decline of 10% from the previous session’s volume of 735,578 shares.The stock last traded at $55.06 and had previously closed at $53.60.

A number of brokerages have recently issued reports on CYBR. Imperial Capital restated an “in-line” rating and issued a $45.00 target price on shares of CyberArk Software in a research note on Sunday. DA Davidson restated a “neutral” rating and issued a $51.00 target price (up previously from $42.00) on shares of CyberArk Software in a research note on Friday, July 8th. Barclays PLC upgraded shares of CyberArk Software from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $44.00 to $60.00 in a research note on Tuesday, July 5th. Summit Research restated a “buy” rating on shares of CyberArk Software in a research note on Wednesday, June 29th. Finally, TheStreet upgraded shares of CyberArk Software from a “sell” rating to a “hold” rating in a research note on Friday, June 10th. 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. The company has a consensus rating of “Buy” and an average price target of $57.74.

The company has a 50-day moving average of $49.60 and a 200-day moving average of $42.97. The stock has a market capitalization of $1.63 billion and a PE ratio of 75.55.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.07. The firm earned $46.91 million during the quarter, compared to analysts’ expectations of $43.38 million. CyberArk Software’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 earnings per share. On average, equities analysts forecast that CyberArk Software Ltd. will post $0.92 earnings per share for the current year.

Other large investors recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in CyberArk Software by 24.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,020,569 shares of the company’s stock valued at $136,350,000 after buying an additional 600,917 shares during the period. First Trust Advisors LP increased its stake in CyberArk Software by 58.2% in the fourth quarter. First Trust Advisors LP now owns 76,591 shares of the company’s stock valued at $3,457,000 after buying an additional 28,175 shares during the period. Century Capital Management LLC increased its stake in CyberArk Software by 419.3% in the fourth quarter. Century Capital Management LLC now owns 589,684 shares of the company’s stock valued at $26,618,000 after buying an additional 476,134 shares during the period. Stephens Investment Management Group LLC increased its stake in CyberArk Software by 3.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 318,750 shares of the company’s stock valued at $14,388,000 after buying an additional 11,960 shares during the period. Finally, Redwood Investments LLC increased its stake in CyberArk Software by 57.5% in the fourth quarter. Redwood Investments LLC now owns 36,388 shares of the company’s stock valued at $1,643,000 after buying an additional 13,290 shares during the period.

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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