Cyberark Software (NASDAQ:CYBR) Price Target Cut to $128.00 by Analysts at UBS Group
Cyberark Software (NASDAQ:CYBR) had its target price reduced by stock analysts at UBS Group from $131.00 to $128.00 in a research note issued on Thursday, Stock Target Advisor reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group’s price objective would suggest a potential upside of 13.19% from the company’s previous close.
CYBR has been the topic of several other reports. Wedbush restated an “outperform” rating on shares of Cyberark Software in a research note on Wednesday. Morgan Stanley raised their price objective on Cyberark Software from $146.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Evercore ISI set a $140.00 price objective on Cyberark Software and gave the stock a “buy” rating in a research note on Monday. BidaskClub upgraded Cyberark Software from a “strong sell” rating to a “sell” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $163.00 price objective on shares of Cyberark Software in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $128.71.
CYBR traded up $3.68 during trading hours on Thursday, hitting $113.08. 38,623 shares of the stock were exchanged, compared to its average volume of 667,055. The stock has a 50-day simple moving average of $102.88 and a 200-day simple moving average of $120.09. Cyberark Software has a 12 month low of $64.66 and a 12 month high of $148.74. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 79.08, a price-to-earnings-growth ratio of 5.14 and a beta of 1.61.
Several institutional investors and hedge funds have recently modified their holdings of the company. SeaCrest Wealth Management LLC grew its holdings in Cyberark Software by 2.3% during the second quarter. SeaCrest Wealth Management LLC now owns 3,275 shares of the technology company’s stock worth $419,000 after acquiring an additional 75 shares during the period. Cetera Advisors LLC boosted its position in shares of Cyberark Software by 1.1% in the 3rd quarter. Cetera Advisors LLC now owns 9,466 shares of the technology company’s stock valued at $946,000 after purchasing an additional 103 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in Cyberark Software by 5.5% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 2,017 shares of the technology company’s stock worth $201,000 after acquiring an additional 105 shares during the period. NEXT Financial Group Inc boosted its position in Cyberark Software by 59.5% during the 2nd quarter. NEXT Financial Group Inc now owns 319 shares of the technology company’s stock worth $41,000 after acquiring an additional 119 shares during the period. Finally, Connors Investor Services Inc. boosted its position in Cyberark Software by 0.5% during the 3rd quarter. Connors Investor Services Inc. now owns 26,430 shares of the technology company’s stock worth $2,638,000 after acquiring an additional 120 shares during the period. 74.37% of the stock is currently owned by institutional investors.
Cyberark Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.
See Also: Capital Gains Distribution
Receive News & Ratings for Cyberark Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyberark Software and related companies with MarketBeat.com's FREE daily email newsletter.