CyberArk Software Ltd. (NASDAQ:CYBR) Short Interest Down 22.8% in October

CyberArk Software Ltd. (NASDAQ:CYBR) was the target of a large decline in short interest in 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 trading volume, of 423,000 shares, the short-interest ratio is presently 3.3 days. Approximately 3.4% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CYBR shares. DA Davidson increased their target price on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Susquehanna upped their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday. Barclays raised their price objective on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday. Scotiabank initiated coverage on CyberArk Software in a research report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price for the company. Finally, Jefferies Financial Group increased their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $301.28 on Friday. The business’s 50 day moving average price is $283.62 and its 200-day moving average price is $266.42. The firm has a market cap of $13.13 billion, a P/E ratio of -967.16 and a beta of 1.13. CyberArk Software has a fifty-two week low of $183.28 and a fifty-two week high of $318.16.

Institutional Investors Weigh In On CyberArk Software

A number of large investors have recently modified their holdings of CYBR. Mather Group LLC. purchased a new stake in CyberArk Software in the second quarter worth $27,000. ORG Partners LLC purchased a new stake in CyberArk Software during the 2nd quarter valued at $33,000. Assetmark Inc. lifted its holdings in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of CyberArk Software during the 2nd quarter valued at $39,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software in the third quarter worth approximately $51,000. Institutional investors own 91.84% of the company’s stock.

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.