CyberArk Software Ltd. (NASDAQ:CYBR) dropped 1.4% during mid-day trading on Wednesday . The stock traded as low as $52.11 and last traded at $52.62, with a volume of 542,095 shares. The stock had previously closed at $53.37.

CYBR has been the topic of several research analyst reports. TheStreet upgraded CyberArk Software from a “sell” rating to a “hold” rating in a report on Friday, June 10th. Bank of America Corp. upgraded CyberArk Software from a “neutral” rating to a “buy” rating in a report on Friday, May 13th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $60.00 price objective on shares of CyberArk Software in a report on Saturday, May 7th. Vetr upgraded CyberArk Software from a “buy” rating to a “strong-buy” rating and set a $69.81 price objective on the stock in a report on Tuesday, June 14th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $51.00 price objective on shares of CyberArk Software in a report on Friday, April 1st. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $57.74.

The stock has a market cap of $1.54 billion and a P/E ratio of 71.52. The stock’s 50 day moving average price is $49.20 and its 200 day moving average price is $42.79.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.07. The company had revenue of $46.91 million for the quarter, compared to analyst estimates of $43.38 million. During the same period in the prior year, the business earned $0.16 earnings per share. CyberArk Software’s revenue was up 42.5% on a year-over-year basis. On average, equities research analysts expect that CyberArk Software Ltd. will post $0.92 EPS for the current year.

A number of hedge funds and institutional investors recently made changes to their positions in the company. Stephens Investment Management Group LLC raised its position in shares of 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 in the last quarter. Redwood Investments LLC raised its position in shares of 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 in the last quarter. Marshall Wace LLP raised its position in shares of 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 in the last quarter. Century Capital Management LLC raised its position in shares of 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 in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of 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 in the last quarter.

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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