CyberArk Software (NASDAQ:CYBR) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
A number of other analysts have also recently weighed in on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and set a $50.00 price target on shares of CyberArk Software in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of CyberArk Software from a “sell” rating to a “hold” rating in a report on Friday, September 15th. ValuEngine lowered shares of CyberArk Software from a “hold” rating to a “sell” rating in a report on Friday, September 1st. UBS cut their price objective on shares of CyberArk Software from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Finally, Bank of America upgraded shares of CyberArk Software from an “underperform” rating to a “neutral” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $49.91.
Shares of CyberArk Software (CYBR) opened at $44.07 on Tuesday. CyberArk Software has a 12-month low of $39.34 and a 12-month high of $55.65. The firm has a market cap of $1,546.69, a price-to-earnings ratio of 69.56, a P/E/G ratio of 3.65 and a beta of 2.59.
Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of CyberArk Software by 198.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock valued at $190,000 after purchasing an additional 2,524 shares in the last quarter. Advisor Group Inc. raised its stake in shares of CyberArk Software by 6.4% in the 2nd quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock valued at $193,000 after purchasing an additional 232 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of CyberArk Software by 122.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock valued at $174,000 after purchasing an additional 2,340 shares in the last quarter. Legal & General Group Plc acquired a new stake in CyberArk Software during the first quarter worth about $250,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in CyberArk Software by 26.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company’s stock worth $250,000 after acquiring an additional 1,048 shares during the period. Institutional investors and hedge funds own 77.08% of the company’s stock.
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CyberArk Software Company Profile
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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