CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBRFree Report) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,652 shares of the technology company’s stock after selling 182 shares during the period. CIBC Asset Management Inc’s holdings in CyberArk Software were worth $800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC acquired a new stake in CyberArk Software during the fourth quarter worth $34,000. Desjardins Global Asset Management Inc. raised its holdings in CyberArk Software by 22.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after buying an additional 51 shares during the period. Headlands Technologies LLC purchased a new stake in CyberArk Software in the 3rd quarter valued at about $84,000. Principal Securities Inc. purchased a new position in CyberArk Software during the fourth quarter worth about $100,000. Finally, Blue Trust Inc. boosted its stake in CyberArk Software by 20.6% during the fourth quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock worth $123,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CYBR opened at $239.97 on Monday. CyberArk Software Ltd. has a one year low of $142.92 and a one year high of $283.00. The company has a market cap of $10.14 billion, a P/E ratio of -374.95 and a beta of 1.08. The business’s 50-day simple moving average is $241.96 and its 200-day simple moving average is $237.64.

CyberArk Software (NASDAQ:CYBRGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The company had revenue of $221.55 million for the quarter, compared to analyst estimates of $213.42 million. As a group, analysts predict that CyberArk Software Ltd. will post -1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CYBR has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Monday, May 20th. Canaccord Genuity Group lowered their price target on CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 4th. JMP Securities boosted their price objective on CyberArk Software from $280.00 to $310.00 and gave the company a “market outperform” rating in a report on Friday, May 24th. DA Davidson raised their target price on CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $270.83.

Get Our Latest Stock Analysis on CYBR

About CyberArk Software

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CYBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyberArk Software Ltd. (NASDAQ:CYBRFree Report).

Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

Receive News & Ratings for CyberArk Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software and related companies with MarketBeat.com's FREE daily email newsletter.