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

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

CyberArk Software Stock Up 0.3 %

NASDAQ CYBR traded up $1.02 during trading hours on Monday, hitting $372.00. The company had a trading volume of 284,062 shares, compared to its average volume of 456,980. CyberArk Software has a fifty-two week low of $223.09 and a fifty-two week high of $378.62. The firm has a market cap of $16.21 billion, a P/E ratio of 1,377.83 and a beta of 1.15. The business has a fifty day simple moving average of $335.12 and a 200-day simple moving average of $299.49.

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

Analyst Ratings Changes

CYBR has been the subject of a number of research analyst reports. Susquehanna upped their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. UBS Group raised their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Rosenblatt Securities boosted their price objective on CyberArk Software from $345.00 to $415.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus raised their target price on CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Needham & Company LLC raised their price objective on CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, January 9th. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $367.44.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Coldstream Capital Management Inc. raised its holdings in shares of CyberArk Software by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after purchasing an additional 42 shares in the last quarter. Montag A & Associates Inc. lifted its position 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 valued at $44,000 after acquiring an additional 42 shares during the last quarter. Greenleaf Trust boosted its stake in shares of CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after acquiring an additional 45 shares in the last quarter. Signaturefd LLC grew its holdings in shares of CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after acquiring an additional 49 shares during the last quarter. Finally, Austin Private Wealth LLC lifted its holdings in shares of CyberArk Software by 6.8% during the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

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.