CyberArk Software (NASDAQ:CYBR) Research Coverage Started at Weiss Ratings

Weiss Ratings started coverage on shares of CyberArk Software (NASDAQ:CYBR) in a report released on Saturday morning,Weiss Ratings reports. The brokerage issued a sell (d-) rating on the technology company’s stock.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and lifted their target price for the stock from $440.00 to $502.00 in a report on Wednesday, October 15th. Piper Sandler reaffirmed a “neutral” rating and set a $448.00 target price (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. William Blair lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. KeyCorp cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, Stephens downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $448.85.

CyberArk Software Stock Performance

CYBR stock opened at $518.96 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The company has a 50 day moving average price of $485.92 and a 200 day moving average price of $421.00. CyberArk Software has a fifty-two week low of $271.68 and a fifty-two week high of $526.19. The stock has a market capitalization of $26.20 billion, a PE ratio of -153.99 and a beta of 1.01.

Institutional Trading of CyberArk Software

A number of institutional investors and hedge funds have recently bought and sold shares of CYBR. Stratos Wealth Partners LTD. bought a new position in CyberArk Software during the second quarter valued at $214,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CyberArk Software by 2.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 78,770 shares of the technology company’s stock valued at $32,050,000 after buying an additional 1,870 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of CyberArk Software by 0.9% during the second quarter. Janney Montgomery Scott LLC now owns 8,574 shares of the technology company’s stock valued at $3,489,000 after buying an additional 80 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of CyberArk Software during the second quarter valued at about $207,000. Finally, Private Advisor Group LLC increased its holdings in CyberArk Software by 23.0% in the 1st quarter. Private Advisor Group LLC now owns 6,917 shares of the technology company’s stock worth $2,338,000 after buying an additional 1,293 shares during the period. 91.84% of the stock is currently owned by institutional investors.

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.