CyberArk Software Ltd. (NASDAQ:CYBR) – Stock analysts at Imperial Capital lowered their Q2 2017 EPS estimates for CyberArk Software in a research report issued on Friday. Imperial Capital analyst M. Kim now expects that the technology company will earn $0.07 per share for the quarter, down from their previous estimate of $0.13. Imperial Capital currently has a “In-Line” rating and a $42.00 price objective on the stock.

A number of other research analysts have also weighed in on CYBR. Oppenheimer Holdings, Inc. decreased their price objective on CyberArk Software from $60.00 to $51.00 and set an “outperform” rating on the stock in a report on Friday. Piper Jaffray Companies restated 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. Needham & Company LLC restated 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. BidaskClub lowered CyberArk Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $56.00 price objective (down previously from $64.00) on shares of CyberArk Software in a report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have assigned 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 a consensus rating of “Buy” and a consensus price target of $51.17.

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CyberArk Software (CYBR) opened at 42.40 on Monday. CyberArk Software has a one year low of $41.32 and a one year high of $59.28. The stock has a market capitalization of $1.25 billion, a PE ratio of 48.74 and a beta of 2.66. The firm has a 50-day moving average of $48.75 and a 200 day moving average of $50.35.

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of CyberArk Software during the first quarter worth about $102,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of CyberArk Software during the first quarter worth about $201,000. Eastern Bank purchased a new position in shares of CyberArk Software during the first quarter worth about $203,000. FNY Partners Fund LP purchased a new position in shares of CyberArk Software during the first quarter worth about $223,000. Finally, Mark Sheptoff Financial Planning LLC boosted its position in shares of 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 worth $231,000 after buying an additional 1,101 shares during the period. Hedge funds and other institutional investors own 77.51% 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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