CyberArk Software Ltd. (NASDAQ:CYBR)‘s stock had its “buy” rating reiterated by analysts at Piper Jaffray Companies in a note issued to investors on Friday, November 3rd. They currently have a $50.00 price objective on the technology company’s stock. Piper Jaffray Companies’ price objective points to a potential upside of 5.95% from the company’s current price.
Other equities analysts have also issued research reports about the company. BidaskClub lowered CyberArk Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $56.00 target price (down previously from $64.00) on shares of CyberArk Software in a research note on Friday, July 14th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price (down previously from $62.00) on shares of CyberArk Software in a research note on Friday, July 14th. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 price target (down previously from $62.00) on shares of CyberArk Software in a report on Friday, July 14th. Finally, Evercore ISI reissued a “buy” rating and issued a $56.00 price target (down previously from $60.00) on shares of CyberArk Software in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. CyberArk Software has an average rating of “Buy” and a consensus price target of $49.91.
Shares of CyberArk Software (NASDAQ CYBR) traded up $0.17 during trading on Friday, hitting $47.19. The stock had a trading volume of 419,791 shares, compared to its average volume of 632,038. The stock has a market capitalization of $1,640.00, a price-to-earnings ratio of 71.66, a P/E/G ratio of 3.76 and a beta of 2.56. CyberArk Software has a 1 year low of $39.34 and a 1 year high of $55.65.
About CyberArk Software
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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