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

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

CyberArk Software Trading Down 0.9 %

NASDAQ:CYBR traded down $3.29 during trading hours on Friday, hitting $352.22. 534,277 shares of the stock were exchanged, compared to its average volume of 364,359. The company has a market cap of $15.35 billion, a P/E ratio of 1,304.57 and a beta of 1.13. The firm’s fifty day moving average price is $324.09 and its 200 day moving average price is $292.75. CyberArk Software has a 52-week low of $223.09 and a 52-week high of $363.00.

CyberArk Software (NASDAQ:CYBR) last announced 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 company 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 firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.31) EPS. Equities analysts expect that CyberArk Software will post -0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wedbush boosted their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Morgan Stanley reiterated an “equal weight” rating and issued a $316.00 price target on shares of CyberArk Software in a report on Tuesday, December 31st. Piper Sandler lifted their price objective on shares of CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, January 6th. StockNews.com upgraded CyberArk Software from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Susquehanna lifted their price objective on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus price target of $353.93.

Hedge Funds Weigh In On CyberArk Software

Institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its position in shares of CyberArk Software by 10.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,444 shares of the technology company’s stock valued at $657,000 after buying an additional 229 shares during the period. Dimensional Fund Advisors LP raised its position in CyberArk Software by 506.7% in the second quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company’s stock valued at $1,795,000 after purchasing an additional 5,483 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in CyberArk Software by 16.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,868 shares of the technology company’s stock valued at $783,000 after purchasing an additional 399 shares during the period. Sei Investments Co. increased its position in shares of CyberArk Software by 6.1% during the 2nd quarter. Sei Investments Co. now owns 105,583 shares of the technology company’s stock worth $28,868,000 after purchasing an additional 6,113 shares during the last quarter. Finally, Ensign Peak Advisors Inc purchased a new position in shares of CyberArk Software during the second quarter worth $711,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

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.