CyberArk Software Ltd. (NASDAQ:CYBR) Sees Large Growth in Short Interest

CyberArk Software Ltd. (NASDAQ:CYBR) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 895,100 shares, a growth of 12.6% from the December 15th total of 794,900 shares. Based on an average daily volume of 456,700 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.9% of the company’s stock are short sold.

Institutional Trading of CyberArk Software

Institutional investors have recently modified their holdings of the business. Coldstream Capital Management Inc. grew its stake in CyberArk Software by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after acquiring an additional 42 shares in the last quarter. Greenleaf Trust boosted its holdings in CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after purchasing an additional 45 shares during the period. Signaturefd LLC grew its position in shares of CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after purchasing an additional 49 shares in the last quarter. Austin Private Wealth LLC increased its holdings in shares of CyberArk Software by 6.8% in the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after purchasing an additional 52 shares during the period. Finally, Juncture Wealth Strategies LLC raised its position in shares of CyberArk Software by 2.1% in the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock worth $825,000 after buying an additional 57 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CYBR has been the topic of several research reports. Needham & Company LLC upped their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, January 9th. Barclays increased their price target on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Jefferies Financial Group boosted their price objective on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Canaccord Genuity Group increased their target price on CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup boosted their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $353.93.

CyberArk Software Price Performance

Shares of CYBR opened at $352.22 on Monday. CyberArk Software has a 1 year low of $223.09 and a 1 year high of $363.00. The stock’s fifty day moving average price is $324.09 and its two-hundred day moving average price is $293.06. The firm has a market cap of $15.35 billion, a PE ratio of 1,304.57 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.31) EPS. Sell-side analysts anticipate that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

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.