CyberArk Software Ltd. (NASDAQ:CYBR) Lowered to Buy at BidaskClub

BidaskClub cut shares of CyberArk Software Ltd. (NASDAQ:CYBR) from a strong-buy rating to a buy rating in a research report report published on Tuesday, July 11th.

Several other brokerages also recently commented on CYBR. Morgan Stanley began coverage on shares of CyberArk Software in a research note on Thursday, March 30th. They issued an equal weight rating and a $55.00 price objective for the company. Vetr raised shares of CyberArk Software from a buy rating to a strong-buy rating in a research note on Thursday, March 30th. Goldman Sachs Group, Inc. (The) raised shares of CyberArk Software from a neutral rating to a buy rating and increased their price objective for the company from $57.00 to $64.00 in a research note on Thursday, March 30th. Summit Redstone downgraded shares of CyberArk Software from a buy rating to a hold rating and set a $50.00 price objective for the company. in a research note on Friday, May 12th. Finally, Evercore ISI raised shares of CyberArk Software from an in-line rating to an outperform rating and increased their price objective for the company from $51.00 to $60.00 in a research note on Wednesday, March 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $51.17.

CyberArk Software (CYBR) traded down 0.35% on Tuesday, hitting $40.07. 478,537 shares of the stock were exchanged. CyberArk Software has a 1-year low of $39.57 and a 1-year high of $59.28. The company has a market capitalization of $1.19 billion, a PE ratio of 51.44 and a beta of 2.57. The company has a 50-day moving average price of $44.90 and a 200 day moving average price of $49.41.

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Large investors have recently bought and sold shares of the company. Epoch Investment Partners Inc. bought a new stake in CyberArk Software during the second quarter worth approximately $37,195,000. Senvest Management LLC bought a new stake in CyberArk Software during the second quarter worth approximately $10,714,000. Advisor Group Inc. boosted its stake in CyberArk Software by 6.4% in the second quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock worth $193,000 after buying an additional 232 shares during the last quarter. Vanguard Group Inc. boosted its stake in CyberArk Software by 59.5% in the second quarter. Vanguard Group Inc. now owns 18,495 shares of the technology company’s stock worth $924,000 after buying an additional 6,897 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in CyberArk Software by 25.9% in the second quarter. Northern Trust Corp now owns 86,093 shares of the technology company’s stock worth $4,300,000 after buying an additional 17,695 shares during the last quarter. Institutional investors and hedge funds 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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