CyberArk Software Ltd. (NASDAQ:CYBR) Short Interest Update

CyberArk Software Ltd. (NASDAQ:CYBR) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 2,040,000 shares, an increase of 6.8% from the August 15th total of 1,910,000 shares. Currently, 4.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 483,800 shares, the days-to-cover ratio is currently 4.2 days.

Institutional Investors Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently bought and sold shares of the company. RGM Capital LLC raised its holdings in shares of CyberArk Software by 2.1% in the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after buying an additional 16,530 shares during the last quarter. Norges Bank purchased a new position in shares of CyberArk Software in the fourth quarter worth $100,797,000. Whale Rock Capital Management LLC raised its holdings in shares of CyberArk Software by 21.6% in the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after buying an additional 81,801 shares during the last quarter. Swedbank AB purchased a new position in shares of CyberArk Software in the first quarter worth $109,466,000. Finally, Acadian Asset Management LLC raised its holdings in shares of CyberArk Software by 38.2% in the first quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock worth $107,642,000 after buying an additional 112,112 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CYBR shares. Wedbush lifted their target price on shares of CyberArk Software from $285.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Monday, June 17th. Canaccord Genuity Group decreased their price target on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 4th. DA Davidson boosted their price target on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $290.83.

CyberArk Software Trading Down 1.8 %

Shares of CYBR traded down $4.88 during mid-day trading on Wednesday, hitting $268.04. The company’s stock had a trading volume of 389,778 shares, compared to its average volume of 535,112. The company’s 50-day moving average is $268.71 and its 200-day moving average is $257.54. CyberArk Software has a 52-week low of $152.03 and a 52-week high of $293.31. The firm has a market capitalization of $11.33 billion, a price-to-earnings ratio of -418.81 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter in the prior year, the company posted ($0.58) earnings per share. CyberArk Software’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, sell-side analysts predict that CyberArk Software will post -1.06 earnings per share for the current fiscal year.

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.