Large Inflow of Money Detected in CyberArk Software Ltd.

CyberArk Software Ltd. (CYBR) : On Wednesday, The money flowed into the CyberArk Software Ltd. (CYBR) stock with an uptick to downtick ratio was recorded at 1.27. Transactions worth $13.9 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $10.91 million. The total money flow into the stock was $2.99 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $2.52 million of block transactions on upticks. The total money flow in block trades was $2.52 million. In terms of price action, CyberArk Software Ltd. (CYBR) traded down $0.67 during the session at $52.7. Compared to the previous days closing, the stock was down only by -1.26%. For the week, the stock is -1.64%, over previous weeks closing.


Also, Equity analysts at the Brokerage firm Barclays upgrades its rating on CyberArk Software Ltd. (NASDAQ:CYBR). The rating major has initiated the coverage with overweight rating on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. The Analysts at Barclays raises the price target from $44 per share to $60 per share. The rating by the firm was issued on July 5, 2016.

CyberArk Software Ltd. (NASDAQ:CYBR): The stock opened at $53.65 on Wednesday but the bulls could not build on the opening and the stock topped out at $53.98 for the day. The stock traded down to $52.11 during the day, due to lack of any buying support eventually closed down at $52.70 with a loss of -1.26% for the day. The stock had closed at $53.37 on the previous day. The total traded volume was 893,650 shares.

The stock has recorded a 20-day Moving Average of 4.65% and the 50-Day Moving Average is 12.58%.

Cyberark Software Ltd is an Israel-based security company. The Companys provides information technology security solutions that protect organizations from cyber attacks. The Companys products include CyberArk Shared Technology Platform, Privileged Account Security Solution and Sensitive Information Management Solution. It offers Privileged Account Security Solution, a solution to protect, monitor, detect, alert, and respond to privileged accounts. The company also provides Enterprise Class Integration for devices, networks, applications, and servers. Its CyberArk Privileged Session Manager that isolates, controls, and monitors privileged user access and activities. Its CyberArk Sensitive Information Management Solution, a platform for sharing and distributing information to users across systems using Web, desktop, mobile, and email.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.