CyberArk Software Ltd. (NASDAQ:CYBR) has received an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $49.84.

Several research firms have weighed in on CYBR. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $51.00 target price (down from $61.00) on shares of CyberArk Software in a research report on Friday, July 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 target price (down from $62.00) on shares of CyberArk Software in a research report on Friday, July 14th. Imperial Capital dropped their target price on CyberArk Software from $55.00 to $42.00 and set an “in-line” rating for the company in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $56.00 price objective (down from $64.00) on shares of CyberArk Software in a research report on Friday, July 14th. Finally, JMP Securities lowered their price objective on CyberArk Software from $62.00 to $53.00 and set a “market outperform” rating for the company in a research report on Friday, July 14th.

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Shares of CyberArk Software (NASDAQ CYBR) opened at 43.41 on Thursday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 55.73 and a beta of 2.57. The company has a 50-day moving average of $42.23 and a 200-day moving average of $45.76. CyberArk Software has a 1-year low of $39.34 and a 1-year high of $56.25.

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in CyberArk Software during the first quarter worth approximately $102,000. BNP Paribas Arbitrage SA lifted its stake in CyberArk Software by 198.4% during the second quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock worth $190,000 after purchasing an additional 2,524 shares during the last quarter. Advisor Group Inc. lifted its stake in CyberArk Software by 6.4% during the second quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock worth $193,000 after purchasing an additional 232 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in CyberArk Software during the first quarter worth approximately $201,000. Finally, FNY Partners Fund LP purchased a new stake in CyberArk Software during the first quarter worth approximately $223,000. Hedge funds and other institutional investors own 79.33% 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.

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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