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

Several equities research analysts recently commented on the stock. Imperial Capital boosted their price objective on shares of CyberArk Software from $41.00 to $45.00 and gave the stock an “in-line” rating in a research note on Thursday, May 19th. Nomura boosted their price objective on shares of CyberArk Software from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $60.00 price objective on shares of CyberArk Software in a research note on Thursday, August 11th. William Blair reaffirmed an “outperform” rating on shares of CyberArk Software in a report on Wednesday, August 10th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $58.00 target price on shares of CyberArk Software in a report on Thursday, August 11th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. CyberArk Software presently has a consensus rating of “Buy” and an average target price of $57.85.

The firm has a market capitalization of $1.64 billion and a price-to-earnings ratio of 72.41. The company’s 50 day moving average price is $53.77 and its 200 day moving average price is $44.52.

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

Other hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake 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 in the last quarter. Redwood Investments LLC boosted 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 worth $1,643,000 after buying an additional 13,290 shares in the last quarter. Marshall Wace LLP boosted its stake 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 in the last quarter. Finally, Stephens Investment Management Group LLC boosted 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 worth $14,388,000 after buying an additional 11,960 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.