Cowen and Company reiterated their market perform rating on shares of CyberArk Software Ltd. (NASDAQ:CYBR) in a research report released on Friday, July 14th. The brokerage currently has a $43.00 target price on the technology company’s stock, down from their prior target price of $53.00.
CYBR has been the subject of a number of other research reports. Summit Redstone lowered shares of CyberArk Software from a buy rating to a hold rating and set a $50.00 price objective for the company. in a report on Friday, May 12th. Stifel Nicolaus reiterated a buy rating and set a $55.00 price objective (down previously from $62.00) on shares of CyberArk Software in a report on Friday, July 14th. Imperial Capital lowered shares of CyberArk Software from an outperform rating to an in-line rating and reduced their price target for the company from $63.00 to $55.00 in a report on Friday, May 12th. Piper Jaffray Companies reiterated an overweight rating and set a $51.00 price objective (down previously from $61.00) on shares of CyberArk Software in a research note on Friday, July 14th. Finally, Evercore ISI reiterated an in-line rating and set a $60.00 price objective on shares of CyberArk Software in a research note on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $51.17.
CyberArk Software (NASDAQ CYBR) opened at 40.07 on Friday. The company has a market capitalization of $1.19 billion, a P/E ratio of 51.44 and a beta of 2.57. CyberArk Software has a 1-year low of $39.57 and a 1-year high of $59.28. The company has a 50-day moving average of $44.90 and a 200-day moving average of $49.41.
Institutional investors have recently bought and sold shares of the company. BT Investment Management Ltd acquired a new stake in shares of CyberArk Software during the second quarter worth approximately $92,355,000. Marshall Wace North America L.P. boosted its stake in shares of CyberArk Software by 29.6% in the second quarter. Marshall Wace North America L.P. now owns 1,434,065 shares of the technology company’s stock worth $71,703,000 after buying an additional 327,794 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in shares of CyberArk Software during the first quarter worth approximately $56,420,000. Jennison Associates LLC boosted its stake in shares of CyberArk Software by 12.8% in the second quarter. Jennison Associates LLC now owns 1,082,453 shares of the technology company’s stock worth $54,069,000 after buying an additional 122,633 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of CyberArk Software by 3.9% in the first quarter. Ameriprise Financial Inc. now owns 1,001,178 shares of the technology company’s stock worth $50,930,000 after buying an additional 37,788 shares during the period. Institutional investors own 80.84% 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.
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