CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 291,828 shares of the technology company's stock after selling 35,255 shares during the quarter. Bank of America Corp DE owned about 0.67% of CyberArk Software worth $97,222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC increased its stake in shares of 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 acquiring an additional 34 shares during the last quarter. CenterBook Partners LP grew its stake in shares of CyberArk Software by 2.4% in the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock valued at $534,000 after buying an additional 38 shares during the period. Montag A & Associates Inc. increased its holdings in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in CyberArk Software by 6.9% in the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company's stock valued at $268,000 after purchasing an additional 52 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in CyberArk Software by 1.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company's stock valued at $1,275,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Up 0.1%

Shares of NASDAQ CYBR traded up $0.39 during trading on Friday, reaching $355.44. The company had a trading volume of 384,059 shares, compared to its average volume of 541,158. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The stock has a 50-day moving average price of $342.67 and a two-hundred day moving average price of $340.02. The stock has a market capitalization of $17.57 billion, a PE ratio of -182.36 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. On average, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CYBR. Stifel Nicolaus lifted their target price on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $480.00 target price on shares of CyberArk Software in a research note on Thursday, March 20th. Truist Financial cut their price target on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, Scotiabank increased their price target on CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $415.71.

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.