CyberArk Software Ltd. (NASDAQ:CYBR) Downgraded by TheStreet

TheStreet cut shares of CyberArk Software Ltd. (NASDAQ:CYBR) from a c rating to a d+ rating in a report issued on Thursday.

Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of CyberArk Software from a buy rating to a strong-buy rating in a report on Saturday, July 1st. UBS AG restated a neutral rating and set a $52.00 price objective (down previously from $57.00) on shares of CyberArk Software in a report on Friday, July 14th. Cowen and Company restated a market perform rating and set a $43.00 price objective (down previously from $53.00) on shares of CyberArk Software in a report on Friday, July 14th. Bank of America Corporation cut shares of CyberArk Software from a buy rating to an underperform rating and decreased their price objective for the company from $62.00 to $43.00 in a report on Friday, May 12th. Finally, J P Morgan Chase & Co cut shares of CyberArk Software from an overweight rating to a neutral rating and decreased their price objective for the company from $63.00 to $45.00 in a 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 stock. CyberArk Software presently has a consensus rating of Hold and an average target price of $51.17.

Shares of CyberArk Software (NASDAQ:CYBR) opened at 40.07 on Thursday. CyberArk Software has a 12 month low of $39.57 and a 12 month high of $59.28. The stock has a market cap of $1.19 billion, a P/E ratio of 51.44 and a beta of 2.57. The company has a 50 day moving average of $44.90 and a 200 day moving average of $49.41.

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Several hedge funds have recently made changes to their positions in CYBR. SG Americas Securities LLC acquired a new stake in shares of CyberArk Software during the first quarter worth approximately $102,000. BNP Paribas Arbitrage SA raised its stake in shares of CyberArk Software by 198.4% in the second quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock worth $190,000 after buying 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 second quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock worth $193,000 after buying an additional 232 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of CyberArk Software during the first quarter worth approximately $201,000. Finally, Eastern Bank acquired a new stake in shares of CyberArk Software during the first quarter worth approximately $203,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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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