Analysts of Sumitomo Mitsui Financial Group start coverage of stocks CyberArk Software (NASDAQ:CYBR – Get Rating) In a research note issued to investors on Wednesday, Benzinga reports. The company has set a “neutral” rating and a price target of $145.00 on the technology company’s stock. Sumitomo Mitsui Financial Group’s price target indicates he could rise 14.80% from the current share price.
A number of other analysts have also recently published reports on the company. Barclays has raised its Cyber Ark Software target price from his $175.00 to $180.00 in a research note on Tuesday, October 11th. Cowen began reporting on his Cyber Ark Software stake in his research note on Thursday, September 29th. They issued an “outperform” rating and a stock price target of $195.00. Cantor Fitzgerald began coverage of CyberArk Software’s stock in a research report on Thursday, September 8th. They set an “overweight” rating and a company price target of $180.00. DA Davidson kicked off his Cyber Ark Software coverage with a report on Thursday, December 15th. They set a “buy” rating and set a company price target of $175.00. Finally, in his Wednesday, October 19th research notes, Robert W. Baird reiterated his “outperform” rating and set his price target for Cyber Ark Software’s stock at $182.00. Four analysts rated the stock with a holding rating and 19 analysts issued buy ratings on the company’s stock. According to MarketBeat.com data, the company has an average rating of “moderate buy” and an average target price of $176.83.
CyberArk Software shares drop 2.6%
NASDAQ:CYBR opened Wednesday at $126.31. Cyber Ark Software has a one-year low of $100.35 and a one-year high of $180.01. His 50-day moving average price for this stock is $142.53 and its 200-day moving average price is $142.52. The stock has a market cap of $5.14 billion, a price/earnings ratio of -40.88 and a beta of 1.04. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt to equity ratio of 0.87.
Institutional Trading for CyberArk Software
Several large investors recently bought and sold shares in the business. AdvisorNet Financial Inc increased his Cyber Ark Software stake by 3,900.0% in the second quarter. AdvisorNet Financial Inc now owns 200 shares of technology company valued at $26,000 after purchasing an additional 195 shares last quarter. Ellevest Inc. increased its stake in CyberArk Software by 480.0% in the third quarter. Ellevest Inc. now owns 174 shares of the technology company worth $26,000 after purchasing an additional 144 shares during the previous quarter. Private Trust Co. NA acquired a new position worth $36,000 in Cyber Ark Software shares in the second quarter. Heritage Wealth Management LLC purchased a new stake in his Cyber Ark Software worth $40,000 in the second quarter. Finally, Wipfli Financial Advisors LLC acquired a new stake in his Cyber Ark Software worth $40,000 in the third quarter. 91.52% of the shares are owned by institutional investors and hedge funds.
CyberArk Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, develops, markets and sells software-based security solutions and services in the United States, Europe, Middle East, Africa and internationally. Its solutions include Privileged Access Manager, which provides 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 protects entitlements on endpoints. Cloud Entitlements Manager is his SaaS solution that implements least privilege across cloud environments to reduce the risk from over-entitlement.
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