CyberArk Software Ltd. (NASDAQ:CYBR) Sees Large Growth in Short Interest

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 2,040,000 shares, a growth of 6.8% from the August 15th total of 1,910,000 shares. Currently, 4.7% of the shares of the company are short sold. Based on an average daily volume of 483,800 shares, the short-interest ratio is presently 4.2 days.

CyberArk Software Price Performance

NASDAQ CYBR traded down $0.48 during midday trading on Tuesday, hitting $272.92. 229,678 shares of the company traded hands, compared to its average volume of 535,924. The company has a market cap of $11.53 billion, a PE ratio of -427.34 and a beta of 1.11. CyberArk Software has a 52 week low of $152.03 and a 52 week high of $293.31. The company's 50-day simple moving average is $268.72 and its 200-day simple moving average is $257.42.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. The business had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The business's revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.58) earnings per share. On average, research analysts predict that CyberArk Software will post -1.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on CYBR. JMP Securities restated a "market outperform" rating and set a $310.00 target price on shares of CyberArk Software in a research note on Monday, June 17th. Robert W. Baird lifted their target price on shares of CyberArk Software from $295.00 to $315.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Needham & Company LLC reiterated a "buy" rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Friday, August 9th. Susquehanna boosted their price objective on CyberArk Software from $310.00 to $320.00 and gave the company a "positive" rating in a research report on Friday, August 9th. Finally, Citigroup lifted their target price on CyberArk Software from $305.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $290.83.

Hedge Funds Weigh In On CyberArk Software

Several hedge funds have recently modified their holdings of CYBR. Montag A & Associates Inc. acquired a new stake in CyberArk Software during the 1st quarter worth about $27,000. Mather Group LLC. purchased a new position in CyberArk Software during the 2nd quarter worth approximately $27,000. ORG Partners LLC acquired a new stake in CyberArk Software during the 2nd quarter valued at approximately $33,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of CyberArk Software in the 1st quarter valued at $34,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of CyberArk Software in the fourth quarter worth $34,000. Institutional investors and hedge funds own 91.84% of the company's stock.

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.