CyberArk Software Ltd. (NASDAQ:CYBR) – Stock analysts at William Blair dropped their Q2 2017 earnings estimates for shares of CyberArk Software in a research note issued on Friday. William Blair analyst J. Ho now anticipates that the technology company will earn $0.09 per share for the quarter, down from their prior forecast of $0.12.

CYBR has been the subject of several other research reports. Summit Redstone downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a report on Friday, May 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price objective (down previously from $62.00) on shares of CyberArk Software in a report on Friday. Imperial Capital downgraded shares of CyberArk Software from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $63.00 to $55.00 in a report on Friday, May 12th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $51.00 price objective (down previously from $61.00) on shares of CyberArk Software in a report on Friday. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $60.00 price objective on shares of CyberArk Software in a report on Friday, May 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. CyberArk Software currently has an average rating of “Buy” and an average target price of $51.17.

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CyberArk Software (NASDAQ:CYBR) opened at 42.68 on Monday. The stock has a market cap of $1.26 billion, a P/E ratio of 49.06 and a beta of 2.66. The stock has a 50 day moving average of $48.75 and a 200-day moving average of $50.35. CyberArk Software has a one year low of $41.32 and a one year high of $59.28.

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in CyberArk Software during the first quarter valued at about $102,000. Cambridge Investment Research Advisors Inc. bought a new stake in CyberArk Software during the first quarter valued at about $201,000. Eastern Bank bought a new stake in CyberArk Software during the first quarter valued at about $203,000. FNY Partners Fund LP bought a new stake in CyberArk Software during the first quarter valued at about $223,000. Finally, Mark Sheptoff Financial Planning LLC increased 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 valued at $231,000 after buying an additional 1,101 shares during the last quarter. Hedge funds and other institutional investors own 77.50% 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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