Janney Montgomery Scott LLC Sells 3,668 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Janney Montgomery Scott LLC reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 30.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,494 shares of the technology company's stock after selling 3,668 shares during the quarter. Janney Montgomery Scott LLC's holdings in CyberArk Software were worth $2,871,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Yousif Capital Management LLC raised its holdings in CyberArk Software by 9.1% in the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock worth $755,000 after purchasing an additional 187 shares during the period. Farther Finance Advisors LLC raised its holdings in CyberArk Software by 1,104.3% in the 1st quarter. Farther Finance Advisors LLC now owns 843 shares of the technology company's stock worth $294,000 after purchasing an additional 773 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in CyberArk Software by 17.1% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 1,455 shares of the technology company's stock worth $492,000 after purchasing an additional 212 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in CyberArk Software by 16.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,274 shares of the technology company's stock worth $1,091,000 after purchasing an additional 471 shares during the period. Finally, Raymond James Financial Inc. bought a new position in CyberArk Software in the 4th quarter worth $18,106,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

Shares of CYBR stock traded up $2.31 during trading hours on Wednesday, hitting $399.44. The stock had a trading volume of 586,245 shares, compared to its average volume of 560,069. CyberArk Software Ltd. has a one year low of $230.00 and a one year high of $421.00. The stock's 50-day moving average price is $368.25 and its two-hundred day moving average price is $355.43. The stock has a market capitalization of $19.74 billion, a price-to-earnings ratio of -214.75 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The company had revenue of $317.60 million for the quarter, compared to analysts' expectations of $305.57 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The firm's revenue for the quarter was up 43.3% on a year-over-year basis. As a group, equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CYBR shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $420.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Truist Financial decreased their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price objective on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Guggenheim restated a "buy" rating and issued a $455.00 price objective on shares of CyberArk Software in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $416.79.

CyberArk Software Company 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.