Needham Assigns a Hold Rating on CyberArk Software (CYBR)
Needham analyst Alex Henderson assigned a Hold rating to CyberArk Software (CYBR) today. The company’s shares closed last Wednesday at $96.36.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 15.3% and a 52.0% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and CrowdStrike Holdings.
Currently, the analyst consensus on CyberArk Software is a Moderate Buy with an average price target of $109.60, which is a 4.8% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Hold rating on the stock with a $105.00 price target.
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The company has a one-year high of $148.74 and a one-year low of $69.51. Currently, CyberArk Software has an average volume of 768.5K.
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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It operates through the following geographical segments: United States; Israel; United Kingdom; Europe, the Middle East and Africa; and Other. Its products include core privileged access security, application identity and endpoint privilege manager, and Conjur. The company was founded by Udi Mokady and Alon N. Cohen in 1999 and is headquartered in Petach Tikva, Israel.
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