CyberArk Software Ltd. (NASDAQ:CYBR)’s share price rose 2.5% during mid-day 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.

CYBR has been the subject of several analyst reports. Imperial Capital reissued an “in-line” rating and set a $45.00 price target on shares of CyberArk Software in a report on Sunday, July 24th. DA Davidson reissued a “neutral” rating and set a $51.00 price target (up previously from $42.00) on shares of CyberArk Software in a report on Friday, July 8th. Barclays PLC raised shares of CyberArk Software from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $44.00 to $60.00 in a report on Tuesday, July 5th. Goldman Sachs Group Inc. downgraded shares of CyberArk Software from a “buy” rating to a “neutral” rating in a report on Monday, August 15th. They noted that the move was a valuation call. Finally, Summit Redstone initiated coverage on shares of CyberArk Software in a report on Wednesday, June 29th. They set a “buy” rating and a $55.00 price target for the company. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CyberArk Software presently has an average rating of “Buy” and an average price target of $57.85.

The firm’s 50 day moving average price is $54.50 and its 200-day moving average price is $45.51. The company has a market capitalization of $1.64 billion and a PE ratio of 72.11.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.20 by $0.09. During the same period last year, the company earned $0.19 earnings per share. The company earned $50.40 million during the quarter, compared to analysts’ expectations of $48.25 million. The business’s revenue for the quarter was up 38.6% compared to the same quarter last year. Analysts anticipate that CyberArk Software Ltd. will post $1.07 earnings per share for the current 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.

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