CyberArk Software Ltd. (CYBR) Downgraded by BidaskClub

CyberArk Software Ltd. (NASDAQ:CYBR) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday, August 9th.

Other analysts also recently issued reports about the company. Evercore ISI restated a “buy” rating and set a $56.00 price objective (down from $60.00) on shares of CyberArk Software in a report on Friday, July 14th. Vetr cut shares of CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 price target for the company. in a research report on Monday, May 8th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $56.00 price target (down from $64.00) on shares of CyberArk Software in a research report on Friday, July 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price target (down from $62.00) on shares of CyberArk Software in a research report on Friday, July 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target (down from $62.00) on shares of CyberArk Software in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. CyberArk Software currently has an average rating of “Hold” and a consensus target price of $51.17.

CyberArk Software (NASDAQ:CYBR) traded up 0.02% on Wednesday, reaching $40.08. The company had a trading volume of 435,435 shares. The stock’s 50-day moving average price is $43.52 and its 200 day moving average price is $49.01. CyberArk Software has a 52-week low of $39.57 and a 52-week high of $59.28. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 51.45 and a beta of 2.57.

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Large investors have recently modified their holdings of the stock. First Trust Advisors LP raised its stake in shares of CyberArk Software by 61.4% in the first quarter. First Trust Advisors LP now owns 125,314 shares of the technology company’s stock worth $6,375,000 after buying an additional 47,692 shares during the period. Jennison Associates LLC raised its stake in shares of CyberArk Software by 62.8% in the first quarter. Jennison Associates LLC now owns 959,820 shares of the technology company’s stock worth $48,826,000 after buying an additional 370,293 shares during the period. Wells Fargo & Company MN raised its stake in shares of CyberArk Software by 4.1% in the first quarter. Wells Fargo & Company MN now owns 560,530 shares of the technology company’s stock worth $28,514,000 after buying an additional 22,060 shares during the period. DUPONT CAPITAL MANAGEMENT Corp raised its stake in shares of CyberArk Software by 61.9% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 6,539 shares of the technology company’s stock worth $333,000 after buying an additional 2,500 shares during the period. Finally, American Capital Management Inc. raised its stake in shares of CyberArk Software by 144.0% in the first quarter. American Capital Management Inc. now owns 240,640 shares of the technology company’s stock worth $12,241,000 after buying an additional 142,030 shares during the period. Institutional investors and hedge funds own 77.27% of the company’s stock.

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.

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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