Piper Jaffray Companies Reaffirms Buy Rating for CyberArk Software Ltd. (CYBR)

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.

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Several institutional investors have recently bought and sold shares of the company. Advisor Group Inc. increased its position in shares of 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. Macquarie Group Ltd. increased its position in shares of CyberArk Software by 0.8% during the second quarter. Macquarie Group Ltd. now owns 38,449 shares of the technology company’s stock worth $1,921,000 after purchasing an additional 292 shares in the last quarter. Legal & General Group Plc increased its position in shares of CyberArk Software by 6.1% during the second quarter. Legal & General Group Plc now owns 5,213 shares of the technology company’s stock worth $260,000 after purchasing an additional 300 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of CyberArk Software by 6.4% during the second quarter. Cubist Systematic Strategies LLC now owns 7,962 shares of the technology company’s stock worth $398,000 after purchasing an additional 480 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its position in shares of CyberArk Software by 0.5% during the second quarter. Congress Asset Management Co. MA now owns 174,798 shares of the technology company’s stock worth $8,731,000 after purchasing an additional 867 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

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.

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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