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

CyberArk Software Ltd. (NASDAQ:CYBR) was the recipient of a significant increase in short interest in 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. Based on an average daily volume of 456,700 shares, the short-interest ratio is presently 2.0 days. Currently, 1.9% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on CyberArk Software from $355.00 to $375.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. JMP Securities restated a “market outperform” rating and issued a $360.00 price objective on shares of CyberArk Software in a report on Tuesday. Piper Sandler increased their target price on CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Mizuho raised their price target on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company upped their price objective on CyberArk Software from $350.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, January 2nd. 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, CyberArk Software has an average rating of “Moderate Buy” and an average price target of $353.93.

Institutional Trading of CyberArk Software

Several institutional investors and hedge funds have recently modified their holdings of CYBR. Coldstream Capital Management Inc. boosted its stake in shares of CyberArk Software by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after purchasing an additional 42 shares during the last quarter. Greenleaf Trust lifted its stake in shares of CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after buying an additional 45 shares during the period. Signaturefd LLC boosted its position in CyberArk Software by 4.2% during the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after acquiring an additional 49 shares during the last quarter. Austin Private Wealth LLC grew its stake in CyberArk Software by 6.8% in the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after acquiring an additional 52 shares during the period. Finally, Juncture Wealth Strategies LLC raised its holdings in CyberArk Software by 2.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after acquiring an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

NASDAQ CYBR traded down $3.29 on Friday, hitting $352.22. 534,277 shares of the company’s stock were exchanged, compared to its average volume of 364,359. The firm has a market cap of $15.35 billion, a price-to-earnings ratio of 1,304.57 and a beta of 1.13. The firm’s 50-day moving average price is $324.09 and its two-hundred day moving average price is $292.75. CyberArk Software has a fifty-two week low of $223.09 and a fifty-two week high of $363.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The firm 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%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.31) earnings per share. On average, research analysts predict that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

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.