CyberArk Software Ltd. (NASDAQ:CYBR) Short Interest Up 12.6% in January

CyberArk Software Ltd. (NASDAQ:CYBR) saw a significant 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. Currently, 1.9% of the company’s shares are sold short. Based on an average trading volume of 456,700 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Citigroup increased their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Wells Fargo & Company increased their price objective on CyberArk Software from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a research report on Monday, January 27th. Barclays boosted their price objective on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, KeyCorp lifted their target price on shares of CyberArk Software from $355.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $367.44.

CyberArk Software Trading Up 0.3 %

Shares of CYBR stock traded up $1.02 on Monday, reaching $372.00. 284,062 shares of the company’s stock were exchanged, compared to its average volume of 456,980. The stock has a market capitalization of $16.21 billion, a PE ratio of 1,377.83 and a beta of 1.15. CyberArk Software has a 52 week low of $223.09 and a 52 week high of $378.62. The company’s fifty day simple moving average is $335.12 and its 200 day simple moving average is $299.49.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm’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 firm earned ($0.31) earnings per share. As a group, sell-side analysts predict that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

A number of large investors have recently added to or reduced their stakes in CYBR. Coldstream Capital Management Inc. boosted its stake in CyberArk Software by 3.5% in 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. Montag A & Associates Inc. lifted its holdings in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares during the period. Greenleaf Trust boosted its position in CyberArk Software by 2.5% in the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after buying an additional 45 shares during the last quarter. Signaturefd LLC increased its holdings in 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 buying an additional 49 shares during the period. Finally, Austin Private Wealth LLC raised its position in CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after buying an additional 52 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

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.