Weiss Ratings Begins Coverage on CyberArk Software (NASDAQ:CYBR)

Equities researchers at Weiss Ratings assumed coverage on shares of CyberArk Software (NASDAQ:CYBR) in a research note issued to investors on Saturday,Weiss Ratings reports. The brokerage set a “sell (d-)” rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. Rosenblatt Securities cut CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price target on the stock. in a research note on Friday, August 1st. Oppenheimer reiterated a “market perform” rating on shares of CyberArk Software in a research note on Friday, August 1st. Wolfe Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. KeyCorp cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, UBS Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating and upped their price objective for the company from $480.00 to $485.00 in a research note on Thursday, July 31st. Ten analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, CyberArk Software has an average rating of “Hold” and an average price target of $448.85.

CyberArk Software Stock Down 0.6%

Shares of NASDAQ:CYBR traded down $2.98 during trading on Friday, hitting $517.80. The company’s stock had a trading volume of 336,940 shares, compared to its average volume of 871,576. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. CyberArk Software has a fifty-two week low of $271.68 and a fifty-two week high of $526.19. The stock’s 50-day moving average price is $484.32 and its two-hundred day moving average price is $419.64. The company has a market capitalization of $26.14 billion, a PE ratio of -153.52 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CYBR. Opal Wealth Advisors LLC bought a new position in shares of CyberArk Software in the second quarter valued at approximately $30,000. NewSquare Capital LLC raised its stake in shares of CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after acquiring an additional 32 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of CyberArk Software by 120.7% in the third quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock valued at $31,000 after acquiring an additional 35 shares during the last quarter. AlphaCore Capital LLC bought a new position in shares of CyberArk Software in the second quarter valued at approximately $33,000. Finally, Morse Asset Management Inc bought a new position in shares of CyberArk Software in the first quarter valued at approximately $34,000. Institutional investors own 91.84% of the company’s stock.

About CyberArk Software

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.