Cyberark Software Ltd (NASDAQ:CYBR) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 3,111 put options on the stock. This represents an increase of approximately 804% compared to the typical daily volume of 344 put options.

Several large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in shares of Cyberark Software by 5.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,697 shares of the technology company’s stock worth $1,492,000 after acquiring an additional 1,017 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Cyberark Software by 130.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock worth $136,000 after acquiring an additional 1,045 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Cyberark Software by 5.5% during the 2nd quarter. Macquarie Group Ltd. now owns 33,929 shares of the technology company’s stock worth $2,136,000 after acquiring an additional 1,760 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Cyberark Software by 26.7% during the 3rd quarter. SG Americas Securities LLC now owns 8,638 shares of the technology company’s stock worth $690,000 after acquiring an additional 1,823 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Cyberark Software during the 3rd quarter worth approximately $149,000. 78.54% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ CYBR opened at $64.68 on Wednesday. Cyberark Software has a 12-month low of $40.63 and a 12-month high of $84.21. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 88.60, a price-to-earnings-growth ratio of 4.01 and a beta of 2.08.

Cyberark Software (NASDAQ:CYBR) last released its earnings results on Wednesday, November 7th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.21. The company had revenue of $84.70 million for the quarter, compared to analysts’ expectations of $78.82 million. Cyberark Software had a return on equity of 9.38% and a net margin of 8.41%. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. Sell-side analysts forecast that Cyberark Software will post 1.01 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the company. Dougherty & Co boosted their price target on Cyberark Software from $64.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Oppenheimer boosted their target price on Cyberark Software from $75.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Evercore ISI reiterated a “buy” rating and set a $75.00 target price on shares of Cyberark Software in a research report on Wednesday, August 8th. BidaskClub upgraded Cyberark Software from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. Finally, JPMorgan Chase & Co. boosted their target price on Cyberark Software to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 8th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $78.94.

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About Cyberark Software

CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

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