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

CyberArk Software Ltd. (NASDAQ:CYBR) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 895,100 shares, a growth of 12.6% from the December 31st total of 794,900 shares. Based on an average daily volume of 456,700 shares, the short-interest ratio is currently 2.0 days. Approximately 1.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CYBR. JPMorgan Chase & Co. boosted their target price on CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. KeyCorp boosted their target price on CyberArk Software from $355.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Piper Sandler boosted their target price on CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Truist Financial boosted their target price on CyberArk Software from $350.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, BTIG Research boosted their target price on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average price target of $367.44.

Institutional Trading of CyberArk Software

Several institutional investors have recently made changes to their positions in CYBR. Nepsis Inc. grew its position in shares of CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after purchasing an additional 505,088 shares in the last quarter. Jennison Associates LLC grew its position in shares of CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after purchasing an additional 391,900 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock worth $170,614,000 after purchasing an additional 336,462 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of CyberArk Software during the third quarter worth about $82,485,000. Finally, Swedbank AB grew its position in shares of CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock worth $181,600,000 after purchasing an additional 87,201 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.3 %

CYBR traded up $1.02 during midday trading on Monday, reaching $372.00. The company had a trading volume of 284,062 shares, compared to its average volume of 456,980. The business has a 50-day moving average of $335.12 and a two-hundred day moving average of $299.49. The company has a market cap of $16.21 billion, a P/E ratio of 1,377.83 and a beta of 1.15. CyberArk Software has a 1 year low of $223.09 and a 1 year high of $378.62.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.31) earnings per share. On average, equities research analysts predict that CyberArk Software will post -0.58 EPS for the current 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.