CyberArk Software (NASDAQ:CYBR) Reaches New 52-Week High at $283.87

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) hit a new 52-week high on Tuesday . The company traded as high as $283.87 and last traded at $282.63, with a volume of 60412 shares. The stock had previously closed at $275.31.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CYBR shares. Canaccord Genuity Group dropped their price objective on CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Barclays upped their price objective on shares of CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 target price on shares of CyberArk Software in a research note on Tuesday, June 25th. Wedbush restated an “outperform” rating and set a $285.00 price objective on shares of CyberArk Software in a report on Friday, May 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Monday, May 20th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $280.63.

CyberArk Software Price Performance

The company has a market capitalization of $11.84 billion, a P/E ratio of -430.17 and a beta of 1.14. The company has a fifty day moving average price of $250.38 and a 200 day moving average price of $247.81.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.51) by $0.67. The company had revenue of $221.55 million during the quarter, compared to analyst estimates of $213.42 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. On average, equities research analysts predict that CyberArk Software Ltd. will post -1.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Several institutional investors have recently made changes to their positions in CYBR. Montag A & Associates Inc. bought a new position in CyberArk Software in the 1st quarter worth approximately $27,000. Mather Group LLC. bought a new position in CyberArk Software in the 2nd quarter worth approximately $27,000. Arcadia Investment Management Corp MI bought a new position in CyberArk Software in the 1st quarter worth approximately $34,000. Blue Bell Private Wealth Management LLC bought a new position in CyberArk Software in the 1st quarter worth approximately $34,000. Finally, FinTrust Capital Advisors LLC bought a new position in CyberArk Software in the 4th quarter worth approximately $34,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.