CyberArk Software (NASDAQ:CYBR) Trading 3.8% Higher

CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating)’s stock price traded up 3.8% during mid-day trading on Wednesday . The stock traded as high as $153.59 and last traded at $153.32. 162,425 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 458,652 shares. The stock had previously closed at $147.65.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Rosenblatt Securities started coverage on CyberArk Software in a research note on Monday, May 1st. They issued a “buy” rating and a $175.00 price objective on the stock. Canaccord Genuity Group increased their target price on CyberArk Software from $165.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, February 10th. DA Davidson increased their target price on CyberArk Software from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Morgan Stanley increased their target price on CyberArk Software from $160.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, February 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 target price on shares of CyberArk Software in a research report on Friday, February 10th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.77.

CyberArk Software Stock Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a 50-day moving average price of $138.19 and a 200 day moving average price of $139.34.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors have recently bought and sold shares of the company. Comerica Bank boosted its holdings in CyberArk Software by 2.9% in the 3rd quarter. Comerica Bank now owns 2,702 shares of the technology company’s stock worth $402,000 after buying an additional 77 shares during the last quarter. Intech Investment Management LLC lifted its stake in CyberArk Software by 2.5% in the 4th quarter. Intech Investment Management LLC now owns 3,299 shares of the technology company’s stock worth $428,000 after purchasing an additional 79 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in CyberArk Software by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 22,305 shares of the technology company’s stock worth $2,892,000 after purchasing an additional 79 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in CyberArk Software by 0.6% in the 1st quarter. Banque Cantonale Vaudoise now owns 13,347 shares of the technology company’s stock worth $1,975,000 after purchasing an additional 84 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in CyberArk Software by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 1,704 shares of the technology company’s stock worth $255,000 after purchasing an additional 98 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

About CyberArk Software

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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. The firm’s products include Privilege, Access, and DevSecOps. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.