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

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,390,000 shares, a decline of 22.8% from the October 15th total of 1,800,000 shares. Based on an average daily volume of 423,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.4% of the company's shares are short sold.

Hedge Funds Weigh In On CyberArk Software

Hedge funds have recently added to or reduced their stakes in the stock. Greenleaf Trust lifted its holdings in shares of CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company's stock worth $533,000 after buying an additional 45 shares during the period. Signaturefd LLC grew its holdings in CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company's stock worth $352,000 after acquiring an additional 49 shares in the last quarter. Austin Private Wealth LLC increased its position in CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company's stock valued at $238,000 after purchasing an additional 52 shares during the period. Arcadia Investment Management Corp MI lifted its position in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock worth $50,000 after purchasing an additional 54 shares during the period. Finally, Juncture Wealth Strategies LLC boosted its stake in shares of CyberArk Software by 2.1% during the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company's stock valued at $825,000 after purchasing an additional 57 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $3.99 on Friday, reaching $305.27. The company had a trading volume of 683,507 shares, compared to its average volume of 524,781. The firm's 50-day moving average price is $284.25 and its two-hundred day moving average price is $266.66. CyberArk Software has a 1 year low of $183.28 and a 1 year high of $318.16. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 1,130.67 and a beta of 1.13.

Analyst Ratings Changes

Several equities analysts recently issued reports on CYBR shares. Citigroup boosted their price target on shares of CyberArk Software from $305.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, August 9th. JMP Securities upped their price target on CyberArk Software from $310.00 to $360.00 and gave the stock a "market outperform" rating in a research note on Thursday. Truist Financial reissued a "buy" rating and set a $350.00 price objective (up previously from $300.00) on shares of CyberArk Software in a research report on Thursday. Robert W. Baird upped their target price on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Canaccord Genuity Group lifted their price target on shares of CyberArk Software from $310.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of "Moderate Buy" and an average target price of $328.37.

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.