CyberArk Software Ltd. (NASDAQ:CYBR) shot up 3.6% during trading on Thursday . The company traded as high as $55.90 and last traded at $55.87, with a volume of 318,854 shares changing hands. The stock had previously closed at $53.91.

A number of brokerages recently commented on CYBR. JPMorgan Chase & Co. restated a “buy” rating and issued a $48.00 price objective on shares of CyberArk Software in a research report on Sunday, May 29th. Barclays PLC reduced their price objective on shares of CyberArk Software from $67.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 1st. TheStreet upgraded shares of CyberArk Software from a “sell” rating to a “hold” rating in a research report on Friday, June 10th. DA Davidson raised their price objective on shares of CyberArk Software from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, August 10th. Finally, Summit Research restated a “buy” rating on shares of CyberArk Software in a research report on Wednesday, June 29th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.85.

The stock has a market cap of $1.64 billion and a PE ratio of 72.23. The stock has a 50 day moving average price of $53.31 and a 200 day moving average price of $44.36.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Tuesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. During the same period in the previous year, the firm earned $0.19 earnings per share. The firm had revenue of $50.40 million for the quarter, compared to analyst estimates of $48.25 million. The company’s revenue for the quarter was up 38.6% on a year-over-year basis. Equities research analysts forecast that CyberArk Software Ltd. will post $1.07 EPS for the current year.

A number of hedge funds and institutional investors have recently bought and sold shares of CYBR. Stephens Investment Management Group LLC raised its position 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 worth $14,388,000 after buying an additional 11,960 shares during the last quarter. Redwood Investments LLC raised its position in 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. Marshall Wace LLP raised its position in 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, Bank of Montreal Can raised its position in 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.

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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