CyberArk Software Ltd. (NASDAQ:CYBR)’s share price shot up 2.5% during trading on Thursday . The stock traded as high as $54.21 and last traded at $54.14, with a volume of 229,065 shares trading hands. The stock had previously closed at $52.80.

Several research firms have recently commented on CYBR. Deutsche Bank AG upped their target price on CyberArk Software from $50.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. William Blair reiterated an “outperform” rating on shares of CyberArk Software in a research report on Wednesday, August 10th. DA Davidson boosted their price objective on CyberArk Software from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Nomura boosted their price objective on CyberArk Software from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, Imperial Capital reiterated an “in-line” rating and set a $45.00 price objective on shares of CyberArk Software in a research report on Sunday, July 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. CyberArk Software has a consensus rating of “Buy” and a consensus price target of $57.85.

The company has a market cap of $1.59 billion and a P/E ratio of 69.83. The stock’s 50-day moving average is $54.43 and its 200-day moving average is $45.45.

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

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.