Piper Jaffray Companies restated their overweight rating on shares of CyberArk Software Ltd. (NASDAQ:CYBR) in a report issued on Friday morning. Piper Jaffray Companies currently has a $51.00 target price on the technology company’s stock, down from their previous target price of $61.00.
Several other research firms have also weighed in on CYBR. Zacks Investment Research upgraded shares of CyberArk Software from a sell rating to a hold rating in a research note on Wednesday, July 12th. Vetr upgraded shares of CyberArk Software from a buy rating to a strong-buy rating and set a $60.34 price objective on the stock in a research note on Monday, May 15th. Oppenheimer Holdings, Inc. dropped their price objective on shares of CyberArk Software from $60.00 to $51.00 and set an outperform rating on the stock in a research note on Friday. Evercore ISI upgraded shares of CyberArk Software from an in-line rating to an outperform rating and upped their price objective for the company from $51.00 to $60.00 in a research note on Wednesday, March 29th. Finally, J P Morgan Chase & Co lowered shares of CyberArk Software from an overweight rating to a neutral rating and dropped their price objective for the company from $63.00 to $45.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. CyberArk Software currently has a consensus rating of Buy and a consensus price target of $51.17.
CyberArk Software (CYBR) traded down 0.66% during trading on Friday, hitting $42.40. The company had a trading volume of 2,693,847 shares. CyberArk Software has a 12 month low of $41.32 and a 12 month high of $59.28. The company’s 50 day moving average price is $48.75 and its 200-day moving average price is $50.35. The company has a market cap of $1.25 billion, a PE ratio of 48.74 and a beta of 2.66.
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A number of hedge funds and other institutional investors have recently bought and sold shares of CYBR. Swiss National Bank raised its position in CyberArk Software by 1.1% in the first quarter. Swiss National Bank now owns 35,900 shares of the technology company’s stock worth $1,826,000 after buying an additional 400 shares during the last quarter. US Bancorp DE raised its position in CyberArk Software by 7.3% in the first quarter. US Bancorp DE now owns 6,959 shares of the technology company’s stock worth $354,000 after buying an additional 476 shares during the last quarter. Creative Planning raised its position in CyberArk Software by 4.1% in the second quarter. Creative Planning now owns 25,148 shares of the technology company’s stock worth $1,256,000 after buying an additional 995 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its position in CyberArk Software by 31.9% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 4,551 shares of the technology company’s stock worth $231,000 after buying an additional 1,101 shares during the last quarter. Finally, Redwood Investments LLC raised its position in CyberArk Software by 1.0% in the first quarter. Redwood Investments LLC now owns 145,754 shares of the technology company’s stock worth $7,415,000 after buying an additional 1,456 shares during the last quarter. Institutional investors and hedge funds own 77.51% 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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