CyberArk Software (CYBR) was downgraded to a Hold Rating at Jefferies

Jefferies analyst Joseph Gallo downgraded CyberArk Software to a Hold on November 28 and set a price target of $480.00. The company’s shares closed last Friday at $458.59.

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According to TipRanks, Gallo is a 5-star analyst with an average return of 13.7% and a 65.15% success rate. Gallo covers the Technology sector, focusing on stocks such as Palo Alto Networks, Check Point, and Fortinet.

In addition to Jefferies, CyberArk Software also received a Hold from TR | OpenAI – 4o’s Elisa Scalantra in a report issued on November 21. However, on November 13, TD Cowen maintained a Buy rating on CyberArk Software (NASDAQ: CYBR).

Based on CyberArk Software’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $328.03 million and a GAAP net loss of $90.83 million. In comparison, last year the company earned a revenue of $224.71 million and had a GAAP net loss of $12.92 million