NEW YORK (TheStreet) -- Shares of Cyberark Software (CYBR) were gaining, up 6.2% to $70.35 on heavy volume in midday trading Monday, after TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio recommended the cyber security name for investors last Friday, as hacking and cybersecurity make headlines.
Last Thursday, U.S. officials revealed a data breach may have leaked personal information of roughly 4 million current and formal federal workers after hackers got into government computers, according to Reuters.
The Office of Personnel Management first discovered the cyber attack in April.
The Department of Homeland Security said it concluded that the agency's data had been compromised in early May, Reuters added.
About 3.31 million shares have changed hands as of 11:57 a.m. ET today, compared to its average trading volume of about 1.74 million shares a day.
Israel-based Cyberark Software provides information technology security solutions that protect organizations from cyber attacks. The company also provides enterprise class integration for devices, networks, applications, and servers.
CyberArk focuses on privileged account security. The company's technology is deployed worldwide primarily in the financial services, energy, retail, and healthcare markets.
Insight from TheStreet's Research Team: