CyberArk Software Ltd. (NASDAQ:CYBR)‘s stock had its “buy” rating reissued by equities research analysts at Piper Jaffray Companies in a report issued on Friday. They presently have a $50.00 price target on the technology company’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 12.08% from the stock’s current price.

Other equities analysts have also issued reports about the company. BidaskClub lowered CyberArk Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $56.00 price objective (down from $64.00) on shares of CyberArk Software in a research note on Friday, July 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective (down from $62.00) on shares of CyberArk Software in a research note on Friday, July 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price objective (down from $62.00) on shares of CyberArk Software in a research note on Friday, July 14th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $56.00 price objective (down from $60.00) on shares of CyberArk Software in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.91.

CyberArk Software (CYBR) traded up $3.14 during trading on Friday, hitting $44.61. The company had a trading volume of 731,433 shares, compared to its average volume of 586,686. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 72.02, a price-to-earnings-growth ratio of 4.13 and a beta of 2.56.

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Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. lifted its holdings in CyberArk Software by 6.4% during the 2nd quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock worth $193,000 after purchasing an additional 232 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in CyberArk Software by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 38,449 shares of the technology company’s stock worth $1,921,000 after purchasing an additional 292 shares in the last quarter. Legal & General Group Plc lifted its holdings in CyberArk Software by 6.1% during the 2nd quarter. Legal & General Group Plc now owns 5,213 shares of the technology company’s stock worth $260,000 after purchasing an additional 300 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in CyberArk Software by 6.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,962 shares of the technology company’s stock worth $398,000 after purchasing an additional 480 shares in the last quarter. Finally, Congress Asset Management Co. MA lifted its holdings in CyberArk Software by 0.5% during the 2nd quarter. Congress Asset Management Co. MA now owns 174,798 shares of the technology company’s stock worth $8,731,000 after purchasing an additional 867 shares in the last quarter. Institutional investors own 81.44% of the company’s stock.

About CyberArk Software

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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