CyberArk Software Ltd. (NASDAQ:CYBR) was downgraded by research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Friday, July 14th. They currently have a $42.00 price target on the technology company’s stock, down from their previous price target of $60.00. Stephens’ target price indicates a potential upside of 4.82% from the stock’s previous close.
A number of other brokerages have also recently issued reports on CYBR. Zacks Investment Research upgraded CyberArk Software from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Vetr raised CyberArk Software from a “buy” rating to a “strong-buy” rating and set a $60.34 price target on the stock in a research report on Monday, May 15th. Evercore ISI raised CyberArk Software from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $51.00 to $60.00 in a research report on Wednesday, March 29th. J P Morgan Chase & Co lowered CyberArk Software from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $63.00 to $45.00 in a report on Friday, July 14th. Finally, BidaskClub cut CyberArk Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. CyberArk Software currently has an average rating of “Hold” and an average price target of $51.17.
Shares of CyberArk Software (NASDAQ CYBR) opened at 40.07 on Friday. The company’s 50-day moving average is $44.90 and its 200 day moving average is $49.41. The firm has a market capitalization of $1.19 billion, a PE ratio of 51.44 and a beta of 2.57. CyberArk Software has a 52-week low of $39.57 and a 52-week high of $59.28.
A number of large investors have recently modified their holdings of the company. American Capital Management Inc. increased 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 in the last quarter. Nationwide Fund Advisors boosted its position in shares of CyberArk Software by 30.2% in the first quarter. Nationwide Fund Advisors now owns 24,570 shares of the technology company’s stock worth $1,250,000 after buying an additional 5,700 shares during the last quarter. Columbus Circle Investors boosted its position in shares of CyberArk Software by 171.0% in the first quarter. Columbus Circle Investors now owns 36,201 shares of the technology company’s stock worth $1,842,000 after buying an additional 22,845 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of CyberArk Software during the first quarter valued at about $259,000. Finally, Eastern Bank bought a new position in shares of CyberArk Software during the first quarter valued at about $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.
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