Cyberark Software Ltd (CYBR) Short Interest Up 102.6% in January

Cyberark Software Ltd (NASDAQ:CYBR) saw a large increase in short interest in the month of January. As of January 12th, there was short interest totalling 1,513,595 shares, an increase of 102.6% from the December 29th total of 747,177 shares. Based on an average trading volume of 630,952 shares, the days-to-cover ratio is presently 2.4 days. Approximately 4.5% of the shares of the company are short sold.

Cyberark Software (NASDAQ:CYBR) opened at $42.62 on Wednesday. The firm has a market capitalization of $1,480.00, a PE ratio of 67.65, a price-to-earnings-growth ratio of 3.04 and a beta of 2.58. Cyberark Software has a 52 week low of $39.34 and a 52 week high of $55.65.

Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. Cyberark Software had a return on equity of 7.19% and a net margin of 9.24%. analysts expect that Cyberark Software will post 0.56 earnings per share for the current year.

A number of brokerages have commented on CYBR. Zacks Investment Research raised Cyberark Software from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Wednesday, November 8th. BidaskClub cut Cyberark Software from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. ValuEngine cut Cyberark Software from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price objective on shares of Cyberark Software in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $50.00 price objective on shares of Cyberark Software in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Cyberark Software has an average rating of “Hold” and an average target price of $49.69.

Several institutional investors have recently made changes to their positions in the stock. Congress Asset Management Co. MA increased its stake in shares of Cyberark Software by 2.8% in the 4th quarter. Congress Asset Management Co. MA now owns 73,574 shares of the technology company’s stock valued at $3,045,000 after purchasing an additional 1,978 shares in the last quarter. Peregrine Capital Management LLC increased its stake in shares of Cyberark Software by 0.6% in the 4th quarter. Peregrine Capital Management LLC now owns 410,153 shares of the technology company’s stock valued at $16,976,000 after purchasing an additional 2,400 shares in the last quarter. American Capital Management Inc. increased its stake in shares of Cyberark Software by 8.6% in the 4th quarter. American Capital Management Inc. now owns 979,555 shares of the technology company’s stock valued at $40,544,000 after purchasing an additional 77,330 shares in the last quarter. Fox Run Management L.L.C. increased its stake in shares of Cyberark Software by 74.3% in the 4th quarter. Fox Run Management L.L.C. now owns 14,641 shares of the technology company’s stock valued at $606,000 after purchasing an additional 6,241 shares in the last quarter. Finally, Davis R M Inc. increased its stake in shares of Cyberark Software by 45.5% in the 4th quarter. Davis R M Inc. now owns 168,298 shares of the technology company’s stock valued at $6,966,000 after purchasing an additional 52,629 shares in the last quarter. Hedge funds and other institutional investors own 76.74% of the company’s stock.

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About Cyberark Software

CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.

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