BidaskClub lowered shares of Cyberark Software (NASDAQ:CYBR) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Other analysts have also issued research reports about the company. Bank of America upgraded Cyberark Software from an underperform rating to a neutral rating in a report on Thursday, November 2nd. UBS reduced their target price on Cyberark Software from $52.00 to $50.00 and set a neutral rating for the company in a report on Friday, November 3rd. Zacks Investment Research lowered Cyberark Software from a hold rating to a sell rating in a report on Thursday, September 21st. Stifel Nicolaus restated a buy rating and issued a $55.00 target price on shares of Cyberark Software in a report on Friday, November 3rd. Finally, Piper Jaffray Companies set a $47.00 target price on Cyberark Software and gave the company a buy rating in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cyberark Software has a consensus rating of Hold and a consensus price target of $49.91.

Shares of Cyberark Software (NASDAQ:CYBR) opened at $43.97 on Friday. The stock has a market capitalization of $1,514.73, a price-to-earnings ratio of 68.13, a PEG ratio of 3.57 and a beta of 2.59. Cyberark Software has a 1-year low of $39.34 and a 1-year high of $55.65.

Large investors have recently made changes to their positions in the stock. Asset Management One Co. Ltd. raised its holdings in shares of Cyberark Software by 122.5% during the third quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock worth $174,000 after acquiring an additional 2,340 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Cyberark Software by 198.4% during the second quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock worth $190,000 after acquiring an additional 2,524 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Cyberark Software by 6.4% during the second quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock worth $193,000 after acquiring an additional 232 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Cyberark Software by 26.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company’s stock worth $250,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings 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 acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 75.79% of the company’s stock.

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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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