Shares of CyberArk Software Ltd. (NASDAQ:CYBR) traded down 1.1% during mid-day trading on Tuesday . The company traded as low as $49.87 and last traded at $52.12, with a volume of 992,529 shares changing hands. The stock had previously closed at $52.72.

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $48.00 target price on shares of CyberArk Software in a research report on Sunday, May 29th. Summit Research reaffirmed a “buy” rating on shares of CyberArk Software in a research report on Wednesday, June 29th. Imperial Capital lifted their target price on CyberArk Software from $41.00 to $45.00 and gave the company an “in-line” rating in a research report on Thursday, May 19th. Barclays PLC lowered their target price on CyberArk Software from $67.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 1st. Finally, Bank of America Corp. raised CyberArk Software from a “neutral” rating to a “buy” rating in a research report on Friday, May 13th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. CyberArk Software has an average rating of “Buy” and a consensus price target of $57.74.

The stock’s 50 day moving average is $47.89 and its 200 day moving average is $42.41. The company has a market capitalization of $1.59 billion and a price-to-earnings ratio of 74.01.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.07. The firm earned $46.91 million during the quarter, compared to analysts’ expectations of $43.38 million. During the same quarter last year, the business posted $0.16 EPS. The company’s quarterly revenue was up 42.5% on a year-over-year basis. On average, equities analysts predict that CyberArk Software Ltd. will post $0.92 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Stephens Investment Management Group LLC raised its stake in CyberArk Software by 3.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 318,750 shares of the company’s stock valued at $14,388,000 after buying an additional 11,960 shares during the period. Redwood Investments LLC raised its stake in CyberArk Software by 57.5% in the fourth quarter. Redwood Investments LLC now owns 36,388 shares of the company’s stock valued at $1,643,000 after buying an additional 13,290 shares during the period. Marshall Wace LLP raised its stake in CyberArk Software by 56.8% in the fourth quarter. Marshall Wace LLP now owns 47,173 shares of the company’s stock valued at $2,129,000 after buying an additional 17,095 shares during the period. Century Capital Management LLC raised its stake in CyberArk Software by 419.3% in the fourth quarter. Century Capital Management LLC now owns 589,684 shares of the company’s stock valued at $26,618,000 after buying an additional 476,134 shares during the period. Finally, Wells Fargo & Company MN raised its stake in CyberArk Software by 24.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,020,569 shares of the company’s stock valued at $136,350,000 after buying an additional 600,917 shares during the period.

CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.

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