Bangor Savings Bank Has $139,000 Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Bangor Savings Bank reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 14.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 523 shares of the technology company’s stock after selling 91 shares during the quarter. Bangor Savings Bank’s holdings in CyberArk Software were worth $139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CYBR. Janney Montgomery Scott LLC acquired a new position in shares of CyberArk Software in the third quarter worth approximately $778,000. Charles Schwab Investment Management Inc. lifted its stake in CyberArk Software by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 25,924 shares of the technology company’s stock valued at $4,246,000 after buying an additional 1,466 shares during the period. HighTower Advisors LLC lifted its stake in CyberArk Software by 1.1% in the third quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock valued at $894,000 after buying an additional 60 shares during the period. Rhumbline Advisers lifted its stake in CyberArk Software by 1.8% in the third quarter. Rhumbline Advisers now owns 17,726 shares of the technology company’s stock valued at $2,903,000 after buying an additional 319 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of CyberArk Software by 1.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 7,015 shares of the technology company’s stock valued at $1,150,000 after acquiring an additional 128 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $258.00 on Monday. The stock’s 50-day simple moving average is $241.05 and its two-hundred day simple moving average is $241.51. CyberArk Software Ltd. has a twelve month low of $142.92 and a twelve month high of $283.00.

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

Analyst Upgrades and Downgrades

CYBR has been the subject of several recent research reports. Rosenblatt Securities restated a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a report on Wednesday, May 1st. DA Davidson upped their price target on CyberArk Software from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Friday. BTIG Research began coverage on CyberArk Software in a research note on Thursday, March 28th. They issued a “buy” rating and a $317.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Monday, May 20th. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $270.83.

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.