Short Interest in CyberArk Software Ltd. (NASDAQ:CYBR) Rises By 7.4%

CyberArk Software Ltd. (NASDAQ:CYBRGet Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,020,000 shares, an increase of 7.4% from the May 15th total of 1,880,000 shares. Approximately 4.7% of the shares of the stock are sold short. Based on an average daily volume of 481,200 shares, the days-to-cover ratio is currently 4.2 days.

Institutional Trading of CyberArk Software

A number of large investors have recently made changes to their positions in CYBR. Janney Montgomery Scott LLC purchased a new stake in CyberArk Software during the 3rd quarter valued at approximately $778,000. Charles Schwab Investment Management Inc. raised its stake in shares of CyberArk Software by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 25,924 shares of the technology company’s stock worth $4,246,000 after buying an additional 1,466 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of CyberArk Software during the 3rd quarter worth approximately $264,000. HighTower Advisors LLC raised its stake in shares of CyberArk Software by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock worth $894,000 after buying an additional 60 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of CyberArk Software by 1.8% during the 3rd quarter. Rhumbline Advisers now owns 17,726 shares of the technology company’s stock worth $2,903,000 after buying an additional 319 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CYBR shares. JMP Securities restated a “market outperform” rating and issued a $310.00 target price on shares of CyberArk Software in a research report on Monday. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a research report on Friday, May 3rd. Bank of America restated a “buy” rating and issued a $315.00 target price on shares of CyberArk Software in a research report on Wednesday, April 24th. Canaccord Genuity Group cut their price objective on CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Finally, BTIG Research initiated coverage on CyberArk Software in a report on Thursday, March 28th. They issued a “buy” rating and a $317.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, CyberArk Software has a consensus rating of “Moderate Buy” and an average target price of $270.83.

Get Our Latest Report on CYBR

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded up $1.40 on Wednesday, hitting $255.05. 499,561 shares of the company’s stock were exchanged, compared to its average volume of 519,477. The firm’s 50-day moving average is $240.77 and its 200 day moving average is $240.38. The company has a market capitalization of $10.78 billion, a PE ratio of -398.52 and a beta of 1.08. CyberArk Software has a 1-year low of $142.92 and a 1-year high of $283.00.

CyberArk Software (NASDAQ:CYBRGet Free Report) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. The firm had revenue of $221.55 million during the quarter, compared to analysts’ expectations of $213.42 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. On average, analysts anticipate that CyberArk Software will post -1.24 EPS for the current fiscal year.

About CyberArk Software

(Get Free Report)

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.

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