The BidaskClub Downgrades CyberArk Software Ltd. (NASDAQ:CYBR) to Buy

Paterniano Del Favero
Agosto 2, 2017

They now have a $55.00 price target on the technology company's stock, down from their prior price target of $62.00. They presently have a $42.00 price objective on the technology company's stock, down from their previous price objective of $60.00.

Several other brokerages also recently issued reports on CYBR. Zacks upgraded Cyberark Software Ltd (NASDAQ:CYBR) on Tuesday, August 18 to "Hold" rating. The average stock price target is $50.14 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. Imperial Capital lowered shares of CyberArk Software from an "outperform" rating to an "in-line" rating and decreased their price objective for the stock from $63.00 to $55.00 in a report on Friday, May 12th. (The) upgraded CyberArk Software from a neutral rating to a buy rating and increased their target price for the stock from $57.00 to $64.00 in a report on Thursday, March 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. JPMorgan Chase & Co. owned 0.08% of CyberArk Software worth $1,138,000 at the end of the most recent reporting period. 247,480 shares of the company's stock were exchanged. The firm has a 50-day moving average price of $46.84 and a 200-day moving average price of $49.99. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 48.44 and a beta of 2.58. CyberArk Software has a 52-week low of $41.32 and a 52-week high of $59.28.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ltd. purchased a new position in CyberArk Software during the first quarter valued at about $340,000. MA now owns 173,931 shares of the technology company's stock worth $8,848,000 after buying an additional 39,727 shares in the last quarter. Creative Planning raised its stake in CyberArk Software by 4.1% in the second 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 in the last quarter. Teachers Advisors LLC raised its stake in shares of CyberArk Software by 8.8% in the fourth quarter. Columbus Circle Investors now owns 36,201 shares of the technology company's stock valued at $1,842,000 after buying an additional 22,845 shares during the last quarter. SG Americas Securities LLC bought a new position in CyberArk Software during the first quarter valued at $102,000. Columbia Wanger Asset Management LLC purchased a new stake in shares of CyberArk Software during the first quarter valued at about $30,030,000.

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 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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