Wedbush began coverage on shares of Cyberark Software (NASDAQ:CYBR) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The firm issued an outperform rating and a $85.00 price target on the technology company’s stock.
Other research analysts also recently issued reports about the company. Needham & Company LLC lifted their target price on Cyberark Software to $80.00 and gave the company an average rating in a research note on Tuesday, July 17th. They noted that the move was a valuation call. TheStreet upgraded Cyberark Software from a c+ rating to a b- rating in a research note on Thursday, August 9th. Dougherty & Co lifted their target price on Cyberark Software from $64.00 to $75.00 and gave the company a buy rating in a research note on Wednesday, August 8th. UBS Group lifted their target price on Cyberark Software from $71.00 to $74.00 and gave the company a buy rating in a research note on Wednesday, August 8th. Finally, Evercore ISI reiterated a buy rating and issued a $75.00 target price on shares of Cyberark Software in a research note on Wednesday, August 8th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Cyberark Software presently has a consensus rating of Buy and an average target price of $73.88.
Shares of CYBR stock traded up $0.22 during midday trading on Thursday, hitting $70.28. The company had a trading volume of 592,038 shares, compared to its average volume of 573,506. Cyberark Software has a 52-week low of $40.63 and a 52-week high of $81.24. The company has a market capitalization of $2.50 billion, a P/E ratio of 96.27, a price-to-earnings-growth ratio of 4.66 and a beta of 2.06.
Institutional investors and hedge funds have recently bought and sold shares of the company. Winslow Evans & Crocker Inc. acquired a new stake in shares of Cyberark Software in the 3rd quarter valued at approximately $214,000. Pratt Collard Advisory Partners LLC acquired a new stake in shares of Cyberark Software in the 3rd quarter valued at approximately $240,000. FundX Investment Group LLC acquired a new stake in shares of Cyberark Software in the 2nd quarter valued at approximately $220,000. Russell Investments Group Ltd. acquired a new stake in shares of Cyberark Software in the 2nd quarter valued at approximately $238,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Cyberark Software in the 2nd quarter valued at approximately $276,000. 76.90% of the stock is owned by institutional investors and hedge funds.
About Cyberark Software
CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
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