CyberArk Software Ltd. (NASDAQ:CYBR) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $40.34 and last traded at $40.34, with a volume of 949,815 shares trading hands. The stock had previously closed at $42.14.

CYBR has been the subject of a number of recent research reports. Piper Jaffray Companies lowered their target price on CyberArk Software from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday, May 12th. BidaskClub upgraded CyberArk Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Bank of America Corporation lowered CyberArk Software from a “buy” rating to an “underperform” rating and lowered their target price for the company from $62.00 to $43.00 in a research note on Friday, May 12th. Zacks Investment Research upgraded CyberArk Software from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Vetr lowered CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 price objective for the company. in a research note on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $51.17.

The firm has a market cap of $1.19 billion, a PE ratio of 51.44 and a beta of 2.57. The firm’s 50 day moving average is $44.90 and its 200 day moving average is $49.41.

A number of institutional investors have recently added to or reduced their stakes in CYBR. Epoch Investment Partners Inc. purchased a new position in CyberArk Software during the second quarter valued at about $37,195,000. Senvest Management LLC purchased a new position in CyberArk Software during the second quarter valued at about $10,714,000. Advisor Group Inc. raised 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 valued at $193,000 after buying an additional 232 shares during the last quarter. Vanguard Group Inc. raised its position in CyberArk Software by 59.5% in the second quarter. Vanguard Group Inc. now owns 18,495 shares of the technology company’s stock valued at $924,000 after buying an additional 6,897 shares during the last quarter. Finally, Northern Trust Corp raised its position in CyberArk Software by 25.9% in the second quarter. Northern Trust Corp now owns 86,093 shares of the technology company’s stock valued at $4,300,000 after buying an additional 17,695 shares during the last quarter. Institutional investors and hedge funds own 80.84% 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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