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CyberArk Stock Has Risen a Whopping 81% This Year

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Stock returns

Cybersecurity company CyberArk Software (CYBR) has gained considerable value this year, with its stock rising 81%. CYBR stock has gained just 1.5% this month but ~10% since April 1. The stock is currently trading at $133.91, 2.1% below its 52-week high of $136.85 and 127.0% above its 52-week low of $59.02.

In the last three years, CYBR stock has easily outperformed peers and indexes. CYBR stock has grown 42% compounded annually in the last three years. Since its IPO in September 2014, the stock has risen by an impressive 341%.

Peers’ stock returns

In each of the last three years, Palo Alto Networks (PANW), Check Point (CHKP), and Fortinet (FTNT) stock has returned 16.6%, 10.2%, and 31.1%, respectively, while the ETFMG Prime Cyber Security ETF (HACK) has gained 17.0%.

Technical analysis

CYBR stock closed at $133.91 on May 24, 25.0% above its 100-day moving average of $107, 9.3% above its 50-day moving average of $122.56, and 4.1% above its 20-day moving average of $128.62.

Moving average convergence divergence

CYBR’s 14-day MACD (moving average convergence divergence) is 5.14. A stock’s MACD marks the difference between its short- and long-term moving averages, and CYBR’s positive MACD score indicates an upward trading trend.

CYBR’s 14-day RSI (relative strength index) score of 61 implies the stock is trading close to oversold territory. An RSI score above 70 indicates a stock is overbought, while an RSI score below 30 indicates it is oversold.

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