Cyberark Software Ltd (NASDAQ:CYBR) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 1,744 put options on the stock. This is an increase of approximately 1,182% compared to the average volume of 136 put options.

A number of hedge funds have recently added to or reduced their stakes in CYBR. Geode Capital Management LLC boosted its holdings in Cyberark Software by 25.2% during the first quarter. Geode Capital Management LLC now owns 19,316 shares of the technology company’s stock worth $982,000 after buying an additional 3,885 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Cyberark Software by 534.1% during the second quarter. SG Americas Securities LLC now owns 12,745 shares of the technology company’s stock worth $637,000 after buying an additional 10,735 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Cyberark Software by 72.2% during the second quarter. Bank of New York Mellon Corp now owns 25,084 shares of the technology company’s stock worth $1,252,000 after buying an additional 10,518 shares in the last quarter. Legal & General Group Plc boosted its holdings in Cyberark Software by 6.1% during the second quarter. Legal & General Group Plc now owns 5,213 shares of the technology company’s stock worth $260,000 after buying an additional 300 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Cyberark Software by 198.4% during the second quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock worth $190,000 after buying an additional 2,524 shares in the last quarter. 75.79% of the stock is currently owned by hedge funds and other institutional investors.

CYBR has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Cyberark Software from a “buy” rating to a “hold” rating in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Cyberark Software in a report on Tuesday, September 12th. Monness Crespi & Hardt initiated coverage on shares of Cyberark Software in a report on Monday, December 18th. They issued a “neutral” rating on the stock. Piper Jaffray Companies set a $47.00 target price on shares of Cyberark Software and gave the company a “buy” rating in a report on Monday, October 16th. Finally, BidaskClub downgraded shares of Cyberark Software from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $49.69.

Shares of Cyberark Software (NASDAQ:CYBR) opened at $41.79 on Friday. The company has a market cap of $1,450.00, a PE ratio of 66.33, a P/E/G ratio of 2.96 and a beta of 2.58. Cyberark Software has a fifty-two week low of $39.34 and a fifty-two week high of $55.65.

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About Cyberark Software

CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.

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