Short Interest in CyberArk Software Ltd. (NASDAQ:CYBR) Drops By 8.9%

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on CYBR shares. Mizuho upped their price target on CyberArk Software from $250.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Bank of America upped their price target on CyberArk Software from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. upped their price target on CyberArk Software from $207.00 to $248.00 and gave the company an “overweight” rating in a research note on Monday, December 11th. Oppenheimer upped their price target on CyberArk Software from $195.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 price target on shares of CyberArk Software in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.54.

View Our Latest Stock Analysis on CYBR

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC grew its stake in CyberArk Software by 21.0% in the second quarter. Lazard Asset Management LLC now owns 1,557,966 shares of the technology company’s stock valued at $243,556,000 after purchasing an additional 269,922 shares in the last quarter. First Trust Advisors LP grew its stake in CyberArk Software by 8.3% in the first quarter. First Trust Advisors LP now owns 1,129,744 shares of the technology company’s stock valued at $190,644,000 after purchasing an additional 86,160 shares in the last quarter. Jennison Associates LLC grew its stake in CyberArk Software by 81.4% in the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock valued at $230,871,000 after purchasing an additional 472,961 shares in the last quarter. Brown Capital Management LLC lifted its position in shares of CyberArk Software by 2.8% in the second quarter. Brown Capital Management LLC now owns 1,043,586 shares of the technology company’s stock valued at $163,144,000 after buying an additional 28,732 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of CyberArk Software by 21.2% in the fourth quarter. Voya Investment Management LLC now owns 972,564 shares of the technology company’s stock valued at $213,040,000 after buying an additional 170,152 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Trading Down 0.4 %

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

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