CyberArk Software Ltd. (NASDAQ:CYBR) was downgraded by J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. They currently have a $45.00 price objective on the technology company’s stock, down from their previous price objective of $63.00. J P Morgan Chase & Co’s price target points to a potential upside of 6.31% from the stock’s current price.
CYBR has been the subject of a number of other reports. BidaskClub downgraded CyberArk Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Morgan Stanley assumed coverage on CyberArk Software in a research note on Thursday, March 30th. They set an “equal weight” rating and a $55.00 price objective for the company. Vetr downgraded CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 price target for the company. in a research note on Monday, May 8th. Zacks Investment Research upgraded CyberArk Software from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Finally, Imperial Capital downgraded CyberArk Software from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $63.00 to $55.00 in a research note on Friday, May 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $51.17.
CyberArk Software (CYBR) traded down 0.17% during trading on Friday, hitting $42.33. 961,515 shares of the stock were exchanged. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 48.66 and a beta of 2.66. CyberArk Software has a 1-year low of $41.32 and a 1-year high of $59.28. The company has a 50-day moving average price of $48.75 and a 200 day moving average price of $50.35.
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Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in CyberArk Software during the first quarter worth $102,000. Cambridge Investment Research Advisors Inc. acquired a new stake in CyberArk Software during the first quarter worth $201,000. Eastern Bank acquired a new stake in CyberArk Software during the first quarter worth $203,000. FNY Partners Fund LP acquired a new stake in CyberArk Software during the first quarter worth $223,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in CyberArk Software by 31.9% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 4,551 shares of the technology company’s stock worth $231,000 after buying an additional 1,101 shares during the last quarter. Institutional investors and hedge funds own 77.51% of the company’s stock.
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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