Needham & Company LLC restated their buy rating on shares of Cyberark Software (NASDAQ:CYBR) in a report issued on Wednesday morning, Marketbeat.com reports. They currently have a $57.00 price objective on the technology company’s stock, up from their previous price objective of $55.00.
Several other analysts have also recently commented on CYBR. Zacks Investment Research upgraded shares of Cyberark Software from a hold rating to a buy rating and set a $50.00 price target on the stock in a research note on Wednesday, November 8th. BidaskClub cut shares of Cyberark Software from a buy rating to a hold rating in a research note on Tuesday, December 5th. Monness Crespi & Hardt initiated coverage on shares of Cyberark Software in a research note on Monday, December 18th. They issued a neutral rating on the stock. ValuEngine cut shares of Cyberark Software from a hold rating to a sell rating in a research note on Sunday, December 31st. Finally, Evercore ISI reiterated a buy rating on shares of Cyberark Software in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $51.89.
Shares of Cyberark Software (NASDAQ CYBR) traded up $0.68 during mid-day trading on Wednesday, reaching $50.99. 679,757 shares of the company’s stock traded hands, compared to its average volume of 604,224. The stock has a market cap of $1,771.49, a PE ratio of 113.31, a P/E/G ratio of 5.89 and a beta of 2.12. Cyberark Software has a 1-year low of $39.34 and a 1-year high of $55.63.
Several institutional investors have recently bought and sold shares of CYBR. Alyeska Investment Group L.P. bought a new stake in shares of Cyberark Software in the 3rd quarter worth about $33,626,000. Epoch Investment Partners Inc. grew its holdings in Cyberark Software by 38.4% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,030,479 shares of the technology company’s stock valued at $42,250,000 after purchasing an additional 285,841 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in Cyberark Software by 18.1% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,389,765 shares of the technology company’s stock valued at $57,522,000 after purchasing an additional 213,302 shares during the last quarter. Senvest Management LLC grew its holdings in Cyberark Software by 87.3% during the 3rd quarter. Senvest Management LLC now owns 401,739 shares of the technology company’s stock valued at $16,471,000 after purchasing an additional 187,239 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Cyberark Software during the 3rd quarter valued at about $7,159,000. Hedge funds and other institutional investors own 75.46% of the company’s stock.
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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.
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