CyberArk Software Ltd. (NASDAQ:CYBR) had its price objective cut by Piper Jaffray Companies from $63.00 to $61.00 in a report released on Friday, May 12th. They currently have an overweight rating on the technology company’s stock.
Several other brokerages have also recently commented on CYBR. Imperial Capital reiterated an outperform rating and set a $63.00 price target (up previously from $55.00) on shares of CyberArk Software in a research report on Thursday, February 16th. Vetr cut shares of CyberArk Software from a strong-buy rating to a hold rating and set a $54.18 price objective for the company. in a report on Monday, February 13th. Morgan Stanley initiated coverage on shares of CyberArk Software in a report on Thursday, March 30th. They set an equal weight rating and a $55.00 price objective for the company. Stifel Nicolaus initiated coverage on shares of CyberArk Software in a report on Monday, February 13th. They set a buy rating and a $62.00 price objective for the company. Finally, Summit Redstone cut 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $57.43.
Shares of CyberArk Software (CYBR) traded up 0.06% during trading on Friday, hitting $48.57. The stock had a trading volume of 409,351 shares. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 55.83 and a beta of 2.66. The stock’s 50-day moving average is $49.82 and its 200-day moving average is $50.32. CyberArk Software has a 12-month low of $44.13 and a 12-month high of $59.28.
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A number of large investors have recently made changes to their positions in CYBR. Renaissance Technologies LLC purchased a new stake in shares of CyberArk Software during the fourth quarter worth about $1,379,000. Capital Fund Management S.A. purchased a new stake in shares of CyberArk Software during the third quarter worth about $2,718,000. State Street Corp increased its stake in shares of CyberArk Software by 4.4% in the fourth quarter. State Street Corp now owns 107,840 shares of the technology company’s stock worth $4,906,000 after buying an additional 4,522 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of CyberArk Software by 1.3% in the third quarter. TIAA CREF Investment Management LLC now owns 249,250 shares of the technology company’s stock worth $12,355,000 after buying an additional 3,291 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of CyberArk Software by 8.8% in the fourth quarter. Teachers Advisors LLC now owns 332,993 shares of the technology company’s stock worth $15,151,000 after buying an additional 27,040 shares during the last quarter. Hedge funds and other institutional investors own 77.86% of the company’s stock.
About CyberArk Software
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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