Cyberark Software (CYBR) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Cyberark Software (NASDAQ:CYBR) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

CYBR has been the topic of several other reports. ValuEngine cut Cyberark Software from a hold rating to a sell rating in a research report on Sunday, December 31st. Zacks Investment Research cut Cyberark Software from a buy rating to a hold rating in a research report on Tuesday, January 2nd. Piper Jaffray Companies reaffirmed a buy rating and set a $50.00 price objective on shares of Cyberark Software in a research report on Friday, November 3rd. Monness Crespi & Hardt started coverage on Cyberark Software in a research report on Monday, December 18th. They set a neutral rating on the stock. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $55.00 price objective on shares of Cyberark Software in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $49.69.

Shares of Cyberark Software (NASDAQ:CYBR) opened at $42.00 on Friday. Cyberark Software has a 12 month low of $39.34 and a 12 month high of $55.65. The company has a market capitalization of $1,460.00, a price-to-earnings ratio of 66.67, a PEG ratio of 3.09 and a beta of 2.45.

Large investors have recently made changes to their positions in the business. Asset Management One Co. Ltd. boosted its position in Cyberark Software by 122.5% in the third quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock worth $174,000 after purchasing an additional 2,340 shares during the last quarter. Advisor Group Inc. boosted its position 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 purchasing an additional 232 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Cyberark Software by 45.1% in the third quarter. BNP Paribas Arbitrage SA now owns 5,507 shares of the technology company’s stock worth $226,000 after purchasing an additional 1,711 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Cyberark Software by 25.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,264 shares of the technology company’s stock worth $257,000 after purchasing an additional 1,266 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Cyberark Software by 6.1% in the second quarter. Legal & General Group Plc now owns 5,213 shares of the technology company’s stock worth $260,000 after purchasing an additional 300 shares during the last quarter. 76.59% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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