Short Interest in CyberArk Software Ltd. (NASDAQ:CYBR) Grows By 12.6%

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

CyberArk Software Trading Down 0.9 %

Shares of CyberArk Software stock traded down $3.29 on Friday, reaching $352.22. The stock had a trading volume of 534,277 shares, compared to its average volume of 364,359. The business’s 50 day moving average is $324.09 and its two-hundred day moving average is $293.06. The company has a market cap of $15.35 billion, a P/E ratio of 1,304.57 and a beta of 1.13. CyberArk Software has a 1 year low of $223.09 and a 1 year high of $363.00.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 1.38% and a return on equity of 2.29%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.31) EPS. On average, equities analysts anticipate that CyberArk Software will post -0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Scotiabank started coverage on shares of CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target on the stock. Wedbush upped their target price on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price target on CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Oppenheimer boosted their price objective on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, BTIG Research upped their price objective on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus price target of $353.93.

Institutional Trading of CyberArk Software

A number of large investors have recently modified their holdings of CYBR. Ensign Peak Advisors Inc purchased a new position in CyberArk Software in the 2nd quarter worth approximately $711,000. HighTower Advisors LLC lifted its holdings in shares of CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after acquiring an additional 2,062 shares during the last quarter. Sycomore Asset Management grew its position in CyberArk Software by 36.6% in the second quarter. Sycomore Asset Management now owns 60,781 shares of the technology company’s stock worth $15,973,000 after acquiring an additional 16,294 shares in the last quarter. Groupama Asset Managment increased its stake in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares during the last quarter. Finally, Jennison Associates LLC raised its position in CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after purchasing an additional 9,570 shares in 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.