CyberArk Software Ltd. (NASDAQ:CYBR) was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating in a research note issued on Thursday.

A number of other research firms have also recently commented on CYBR. Imperial Capital cut CyberArk Software from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $63.00 to $55.00 in a research report on Friday, May 12th. Piper Jaffray Companies cut their price objective on CyberArk Software from $63.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, May 12th. Summit Redstone cut 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. Bank of America Corporation cut CyberArk Software from a “buy” rating to an “underperform” rating and cut their price objective for the company from $62.00 to $43.00 in a research report on Friday, May 12th. Finally, Evercore ISI restated an “in-line” rating and issued a $60.00 price objective on shares of CyberArk Software in a research report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $51.17.

CyberArk Software (CYBR) opened at 40.07 on Thursday. The firm has a 50-day moving average price of $44.90 and a 200 day moving average price of $49.41. The company has a market capitalization of $1.19 billion, a P/E ratio of 51.44 and a beta of 2.57. CyberArk Software has a 1-year low of $39.57 and a 1-year high of $59.28.

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Several large investors have recently bought and sold shares of CYBR. Epoch Investment Partners Inc. purchased a new stake in CyberArk Software during the second quarter valued at about $37,195,000. Senvest Management LLC purchased a new stake in CyberArk Software during the second quarter valued at about $10,714,000. Advisor Group Inc. increased its stake in CyberArk Software by 6.4% in the second quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock valued at $193,000 after buying an additional 232 shares in the last quarter. Vanguard Group Inc. increased its stake in CyberArk Software by 59.5% in the second quarter. Vanguard Group Inc. now owns 18,495 shares of the technology company’s stock valued at $924,000 after buying an additional 6,897 shares in the last quarter. Finally, Northern Trust Corp increased its stake in CyberArk Software by 25.9% in the second quarter. Northern Trust Corp now owns 86,093 shares of the technology company’s stock valued at $4,300,000 after buying an additional 17,695 shares in the last quarter. Hedge funds and other institutional investors own 80.84% 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.

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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