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

CyberArk Software Ltd. (NASDAQ:CYBR) was the target of a large 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. Approximately 1.9% of the company’s shares are short sold. Based on an average trading volume of 456,700 shares, the short-interest ratio is currently 2.0 days.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $316.00 price objective on shares of CyberArk Software in a research note on Tuesday, December 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $335.00 target price on shares of CyberArk Software in a research note on Thursday, November 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $360.00 price target on shares of CyberArk Software in a research note on Tuesday, January 14th. Canaccord Genuity Group boosted their price objective on shares of CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Wedbush raised their target price 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. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $353.93.

Institutional Investors Weigh In On CyberArk Software

Several large investors have recently made changes to their positions in the company. Jennison Associates LLC increased its stake in CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after acquiring an additional 9,570 shares during the last quarter. Groupama Asset Managment increased its position 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 worth $304,000 after purchasing an additional 5,402 shares during the last quarter. RGM Capital LLC increased its position in 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 purchasing an additional 16,530 shares during the last quarter. Whale Rock Capital Management LLC raised its stake in CyberArk Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock valued at $134,422,000 after purchasing an additional 14,927 shares in the last quarter. Finally, Swedbank AB lifted its position in CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock valued at $133,528,000 after purchasing an additional 45,799 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Down 0.9 %

CYBR stock traded down $3.29 during midday trading on Friday, hitting $352.22. The company’s stock had a trading volume of 534,277 shares, compared to its average volume of 364,359. CyberArk Software has a 12 month low of $223.09 and a 12 month high of $363.00. The company has a 50 day moving average of $324.09 and a two-hundred day moving average of $293.06. The firm has a market capitalization of $15.35 billion, a price-to-earnings ratio of 1,304.57 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million during 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%. CyberArk Software’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the company posted ($0.31) earnings per share. On average, analysts anticipate that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

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.