CyberArk Software (NASDAQ:CYBR – Get Rating) had its target price lowered by investment analysts at Wells Fargo & Company from $170.00 to $125.00 in a research note issued on Friday, The Fly reports. Wells Fargo & Company‘s price objective would suggest a potential upside of 3.73% from the company’s current price.
Several other analysts have also issued reports on the stock. Guggenheim decreased their price target on shares of CyberArk Software from $225.00 to $182.00 and set a “buy” rating on the stock in a research report on Friday, February 11th. Morgan Stanley raised their price target on shares of CyberArk Software from $186.00 to $191.00 and gave the stock an “overweight” rating in a research report on Friday, February 11th. Needham & Company LLC upgraded shares of CyberArk Software from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research report on Friday, February 11th. Robert W. Baird decreased their price target on shares of CyberArk Software from $200.00 to $180.00 in a research report on Friday. Finally, StockNews.com raised shares of CyberArk Software from a “sell” rating to a “hold” rating in a report on Monday. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $181.11.
NASDAQ:CYBR opened at $120.50 on Friday. CyberArk Software has a 1 year low of $100.35 and a 1 year high of $201.68. The firm’s fifty day simple moving average is $157.91 and its 200 day simple moving average is $161.06. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.82 billion, a PE ratio of -56.84 and a beta of 1.24.
Institutional investors and hedge funds have recently made changes to their positions in the company. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new position in shares of CyberArk Software in the 3rd quarter worth approximately $1,348,000. Allspring Global Investments Holdings LLC acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $43,810,000. Liontrust Investment Partners LLP boosted its holdings in shares of CyberArk Software by 157.1% in the 4th quarter. Liontrust Investment Partners LLP now owns 27,000 shares of the technology company’s stock worth $4,679,000 after acquiring an additional 16,500 shares in the last quarter. Gamble Jones Investment Counsel boosted its holdings in shares of CyberArk Software by 2.4% in the 4th quarter. Gamble Jones Investment Counsel now owns 50,778 shares of the technology company’s stock worth $8,799,000 after acquiring an additional 1,167 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in CyberArk Software by 7.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 65,964 shares of the technology company’s stock worth $11,498,000 after purchasing an additional 4,697 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.
About CyberArk Software (Get Rating)
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
- Get a free copy of the StockNews.com research report on CyberArk Software (CYBR)
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
- Carvana Insiders Buy Shares But Maybe You Shouldn’t
- Dutch Bros Gets Scalded By Inflation
Receive News & Ratings for CyberArk Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software and related companies with MarketBeat.com's FREE daily email newsletter.