CyberArk Software Ltd. (NASDAQ:CYBR) hit a new 52-week low during trading on Wednesday . The stock traded as low as $39.89 and last traded at $39.86, with a volume of 786,350 shares changing hands. The stock had previously closed at $40.20.

CYBR has been the subject of several recent analyst reports. BidaskClub downgraded shares of CyberArk Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Vetr downgraded shares of CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 price objective for the company. in a research report on Monday, May 8th. Zacks Investment Research raised shares of CyberArk Software from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Imperial Capital downgraded shares of CyberArk Software from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $63.00 to $55.00 in a research report on Friday, May 12th. Finally, Summit Redstone downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $51.17.

The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 46.30 and a beta of 2.57. The company has a 50-day moving average of $46.84 and a 200 day moving average of $49.99.

A number of large investors have recently added to or reduced their stakes in CYBR. JPMorgan Chase & Co. increased its stake in CyberArk Software by 57.4% in the second quarter. JPMorgan Chase & Co. now owns 35,220 shares of the technology company’s stock valued at $1,759,000 after buying an additional 12,845 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in CyberArk Software during the second quarter valued at approximately $2,994,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in CyberArk Software during the second quarter valued at approximately $8,521,000. Swiss National Bank increased its stake in CyberArk Software by 47.9% in the second quarter. Swiss National Bank now owns 53,100 shares of the technology company’s stock valued at $2,652,000 after buying an additional 17,200 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC increased its stake in CyberArk Software by 44.5% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 6,575 shares of the technology company’s stock valued at $328,000 after buying an additional 2,024 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “CyberArk Software Ltd. (CYBR) Hits New 52-Week Low at $39.89” was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.dailypolitical.com/2017/08/09/cyberark-software-ltd-cybr-hits-new-52-week-low-at-39-89.html.

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.

Receive News & Ratings for CyberArk Software Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.