Cyberark Software (NASDAQ:CYBR) Stock Rating Lowered by BidaskClub
A number of other equities analysts also recently issued reports on CYBR. Zacks Investment Research downgraded shares of Cyberark Software from a strong-buy rating to a hold rating and set a $120.00 price target for the company. in a research note on Monday, November 11th. Wedbush reaffirmed an outperform rating on shares of Cyberark Software in a research report on Wednesday, November 6th. JPMorgan Chase & Co. reaffirmed a buy rating and set a $163.00 price objective on shares of Cyberark Software in a research report on Thursday, November 7th. Morgan Stanley upped their target price on Cyberark Software from $146.00 to $149.00 and gave the stock an overweight rating in a report on Thursday, August 8th. Finally, Piper Jaffray Companies initiated coverage on Cyberark Software in a research report on Friday, November 8th. They issued a neutral rating and a $120.00 target price for the company. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $130.35.
Shares of Cyberark Software stock opened at $118.29 on Friday. Cyberark Software has a 12-month low of $65.90 and a 12-month high of $148.74. The company has a market cap of $4.46 billion, a P/E ratio of 82.72, a PEG ratio of 4.45 and a beta of 1.63. The company’s fifty day simple moving average is $111.47 and its two-hundred day simple moving average is $118.99.
Several institutional investors and hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc bought a new position in Cyberark Software during the 3rd quarter valued at approximately $30,000. First Quadrant L P CA purchased a new position in Cyberark Software during the third quarter valued at $34,000. Quadrant Capital Group LLC bought a new stake in Cyberark Software in the third quarter worth $37,000. NEXT Financial Group Inc boosted its holdings in Cyberark Software by 59.5% in the second quarter. NEXT Financial Group Inc now owns 319 shares of the technology company’s stock worth $41,000 after acquiring an additional 119 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Cyberark Software in the third quarter worth $43,000. 79.50% of the stock is currently owned by hedge funds and other 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.
Featured Article: What are trading strategies for the 52-week high/low?
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.