Vetr Inc. Lowers Cyberark Software Ltd (CYBR) to Buy

Vetr lowered shares of Cyberark Software Ltd (NASDAQ:CYBR) from a strong-buy rating to a buy rating in a research note issued to investors on Monday, May 8th. They currently have $60.34 price objective on the technology company’s stock.

CYBR has been the topic of a number of other research reports. Zacks Investment Research downgraded Cyberark Software from a hold rating to a sell rating in a report on Wednesday, January 11th. Imperial Capital increased their target price on Cyberark Software from $55.00 to $63.00 and gave the company an outperform rating in a report on Friday, February 10th. Needham & Company LLC began coverage on Cyberark Software in a report on Tuesday, March 28th. They issued a buy rating and a $62.00 target price on the stock. Morgan Stanley began coverage on Cyberark Software in a report on Thursday, March 30th. They issued an equal weight rating and a $55.00 target price on the stock. Finally, Piper Jaffray Companies set a $63.00 target price on Cyberark Software and gave the company a buy rating in a report on Saturday, February 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Cyberark Software currently has an average rating of Buy and an average price target of $56.91.

Shares of Cyberark Software (NASDAQ:CYBR) traded up 0.43% during trading on Monday, reaching $46.66. 632,287 shares of the company were exchanged. The firm’s 50 day moving average price is $52.01 and its 200 day moving average price is $50.72. The company has a market capitalization of $1.38 billion, a PE ratio of 53.63 and a beta of 2.86. Cyberark Software has a one year low of $42.06 and a one year high of $59.28.

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Several large investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in Cyberark Software by 4.3% in the fourth quarter. Van ECK Associates Corp now owns 7,575 shares of the technology company’s stock valued at $345,000 after buying an additional 314 shares during the last quarter. State Street Corp raised its stake in Cyberark Software by 4.4% in the fourth quarter. State Street Corp now owns 107,840 shares of the technology company’s stock valued at $4,906,000 after buying an additional 4,522 shares during the last quarter. Brown Capital Management LLC raised its stake in Cyberark Software by 2.6% in the fourth quarter. Brown Capital Management LLC now owns 36,155 shares of the technology company’s stock valued at $1,645,000 after buying an additional 915 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in Cyberark Software during the fourth quarter valued at about $223,000. Finally, Russell Investments Group Ltd. bought a new stake in Cyberark Software during the fourth quarter valued at about $801,000. 72.53% of the stock is owned by institutional investors and hedge funds.

About Cyberark Software

CyberArk Software Ltd. is a 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 Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, Endpoint Privilege Manager and On-Demand Privileges Manager.

5 Day Chart for NASDAQ:CYBR

To view Vetr’s full report, visit Vetr’s official website.

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