CyberArk Software (NASDAQ:CYBR) Earns Buy Rating from DA Davidson

CyberArk Software (NASDAQ:CYBR)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a report issued on Friday,Benzinga reports. They presently have a $518.00 price objective on the technology company’s stock. DA Davidson’s price objective would indicate a potential upside of 4.32% from the stock’s previous close.

CYBR has been the subject of a number of other reports. William Blair lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Stephens lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. BTIG Research lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Wolfe Research cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Guggenheim lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of “Hold” and an average target price of $451.69.

CyberArk Software Stock Down 1.2%

CyberArk Software stock traded down $5.84 during trading hours on Friday, hitting $496.56. The company had a trading volume of 142,792 shares, compared to its average volume of 862,219. The firm’s fifty day moving average is $489.50 and its 200-day moving average is $423.42. The firm has a market capitalization of $25.06 billion, a P/E ratio of -147.41 and a beta of 1.01. CyberArk Software has a fifty-two week low of $288.00 and a fifty-two week high of $526.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31.

Institutional Trading of CyberArk Software

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in CyberArk Software during the second quarter worth approximately $444,613,000. Price T Rowe Associates Inc. MD increased its stake in shares of CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after acquiring an additional 921,523 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CyberArk Software by 82.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock valued at $250,290,000 after acquiring an additional 335,634 shares in the last quarter. Amundi increased its stake in CyberArk Software by 153.5% during the first quarter. Amundi now owns 547,466 shares of the technology company’s stock valued at $179,547,000 after acquiring an additional 331,498 shares during the period. Finally, Alpine Associates Management Inc. acquired a new position in CyberArk Software in the third quarter worth about $98,635,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.