CyberArk Software Ltd. (NASDAQ:CYBR) Short Interest Update

CyberArk Software Ltd. (NASDAQ:CYBRGet Free Report) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,730,000 shares, a drop of 8.9% from the February 29th total of 1,900,000 shares. Currently, 4.1% of the company’s stock are short sold. Based on an average daily volume of 615,500 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Investors Weigh In On CyberArk Software

Several hedge funds have recently modified their holdings of the company. Confluence Investment Management LLC purchased a new position in shares of CyberArk Software during the 1st quarter worth about $1,473,000. HighPoint Advisor Group LLC purchased a new position in shares of CyberArk Software during the 4th quarter worth about $400,000. PNC Financial Services Group Inc. lifted its holdings in shares of CyberArk Software by 23.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the technology company’s stock worth $749,000 after acquiring an additional 648 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of CyberArk Software by 121.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 3,277 shares of the technology company’s stock worth $718,000 after acquiring an additional 1,794 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of CyberArk Software by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 67,034 shares of the technology company’s stock worth $14,684,000 after acquiring an additional 3,467 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of recent research reports. Needham & Company LLC lifted their target price on shares of CyberArk Software from $245.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a report on Thursday, February 29th. KeyCorp lifted their target price on shares of CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Susquehanna lifted their target price on shares of CyberArk Software from $255.00 to $310.00 and gave the company a “positive” rating in a report on Friday, February 9th. Finally, Truist Financial lifted their target price on shares of CyberArk Software from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.54.

View Our Latest Stock Analysis on CYBR

CyberArk Software Trading Down 0.4 %

Shares of CyberArk Software stock traded down $1.13 during mid-day trading on Tuesday, hitting $263.12. 328,008 shares of the stock were exchanged, compared to its average volume of 626,594. CyberArk Software has a twelve month low of $120.11 and a twelve month high of $283.00. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of -162.42 and a beta of 1.05. The company has a 50-day simple moving average of $256.35 and a 200 day simple moving average of $213.77.

CyberArk Software (NASDAQ:CYBRGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The company had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $209.65 million. Equities research analysts forecast that CyberArk Software will post -1.46 earnings per share for the current fiscal year.

CyberArk Software Company Profile

(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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