CyberArk Software (NASDAQ:CYBR) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Other equities analysts have also recently issued reports about the company. Bank of America raised CyberArk Software from an “underperform” rating to a “neutral” rating in a report on Thursday, November 2nd. UBS reduced their price objective on CyberArk Software from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. TheStreet cut CyberArk Software from a “c” rating to a “d+” rating in a report on Thursday, August 10th. Summit Redstone raised CyberArk Software from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research cut CyberArk Software from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. CyberArk Software has a consensus rating of “Hold” and a consensus price target of $49.91.

CyberArk Software (CYBR) opened at $44.78 on Tuesday. The stock has a market capitalization of $1,560.00, a price-to-earnings ratio of 72.63, a P/E/G ratio of 3.81 and a beta of 2.59. CyberArk Software has a 1-year low of $39.34 and a 1-year high of $55.65.

Several large investors have recently made changes to their positions in the company. Advisor Group Inc. grew its position in shares of 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 purchasing an additional 232 shares during the period. Macquarie Group Ltd. grew its position in shares of CyberArk Software by 0.8% in the second quarter. Macquarie Group Ltd. now owns 38,449 shares of the technology company’s stock valued at $1,921,000 after purchasing an additional 292 shares during the period. Legal & General Group Plc grew its position in shares of CyberArk Software by 6.1% in the second quarter. Legal & General Group Plc now owns 5,213 shares of the technology company’s stock valued at $260,000 after purchasing an additional 300 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of CyberArk Software by 6.4% in the second quarter. Cubist Systematic Strategies LLC now owns 7,962 shares of the technology company’s stock valued at $398,000 after purchasing an additional 480 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of CyberArk Software by 26.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company’s stock valued at $250,000 after purchasing an additional 1,048 shares during the period. 77.08% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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