Bank of Montreal Can Sells 2,727 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Bank of Montreal Can trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,934 shares of the technology company’s stock after selling 2,727 shares during the quarter. Bank of Montreal Can’s holdings in CyberArk Software were worth $7,307,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software during the fourth quarter worth $25,000. TD Private Client Wealth LLC increased its holdings in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software in the fourth quarter valued at about $39,000. Graney & King LLC acquired a new stake in shares of CyberArk Software during the fourth quarter valued at about $43,000. Finally, Montag A & Associates Inc. grew its holdings in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

CYBR opened at $349.44 on Monday. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The firm has a market capitalization of $17.27 billion, a PE ratio of -179.20 and a beta of 1.00. The company’s 50-day moving average is $356.48 and its 200 day moving average is $330.98.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CYBR shares. Rosenblatt Securities reiterated a “buy” rating and set a $445.00 target price on shares of CyberArk Software in a research report on Wednesday, February 26th. JMP Securities increased their price objective on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Citigroup lifted their target price on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. StockNews.com cut CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their price objective on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus price target of $418.39.

CyberArk Software Profile

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.