CyberArk Software Ltd. (NASDAQ:CYBR) was downgraded by investment analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, July 14th, MarketBeat.com reports. They currently have a $45.00 price objective on the technology company’s stock, down from their prior price objective of $60.00. Deutsche Bank AG’s price target suggests a potential upside of 12.30% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Vetr cut CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 price target for the company. in a report on Monday, May 8th. Goldman Sachs Group, Inc. (The) upgraded CyberArk Software from a “neutral” rating to a “buy” rating and increased their price target for the stock from $57.00 to $64.00 in a report on Thursday, March 30th. Needham & Company LLC assumed coverage on CyberArk Software in a report on Tuesday, March 28th. They set a “buy” rating and a $62.00 price target for the company. BidaskClub cut CyberArk Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Evercore ISI restated a “buy” rating and set a $56.00 target price (down from $60.00) on shares of CyberArk Software in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, ten have issued 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 a consensus target price of $51.17.
Shares of CyberArk Software (NASDAQ:CYBR) opened at 40.07 on Friday. CyberArk Software has a 12-month low of $39.57 and a 12-month high of $59.28. The company’s 50-day moving average is $44.90 and its 200-day moving average is $49.41. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 51.44 and a beta of 2.57.
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Several large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of CyberArk Software during the first quarter valued at $102,000. BNP Paribas Arbitrage SA increased 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 valued at $190,000 after buying an additional 2,524 shares during the last quarter. Advisor Group Inc. increased 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 valued at $193,000 after buying an additional 232 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of CyberArk Software during the first quarter valued at $201,000. Finally, Eastern Bank bought a new stake in shares of CyberArk Software during the first quarter valued at $203,000. 80.84% of the stock is owned by institutional investors.
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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