Short Interest in CyberArk Software Ltd. (NASDAQ:CYBR) Expands By 38.2%

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 1,520,000 shares, a growth of 38.2% from the May 15th total of 1,100,000 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average trading volume of 702,500 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CYBR. Thoma Bravo L.P. purchased a new position in CyberArk Software in the fourth quarter valued at about $380,637,000. Price T Rowe Associates Inc. MD grew its stake in CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock valued at $330,964,000 after purchasing an additional 921,523 shares in the last quarter. Norges Bank bought a new stake in shares of CyberArk Software during the 4th quarter worth about $203,375,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company's stock worth $250,290,000 after acquiring an additional 335,634 shares in the last quarter. Finally, Amundi boosted its stake in shares of CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company's stock worth $179,547,000 after acquiring an additional 331,498 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Analyst Ratings Changes

CYBR has been the topic of several recent analyst reports. Wall Street Zen downgraded CyberArk Software from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Robert W. Baird lifted their target price on CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. KeyCorp cut their target price on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Citigroup boosted their price objective on CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CyberArk Software presently has an average rating of "Moderate Buy" and an average target price of $416.79.

CyberArk Software Stock Performance

NASDAQ:CYBR traded down $1.94 during trading hours on Wednesday, hitting $388.47. 461,531 shares of the company's stock traded hands, compared to its average volume of 552,973. The firm has a market cap of $19.20 billion, a P/E ratio of -208.85 and a beta of 0.99. CyberArk Software has a twelve month low of $230.00 and a twelve month high of $421.00. The stock's fifty day moving average price is $363.56 and its two-hundred day moving average price is $353.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.19. The firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. CyberArk Software's quarterly revenue was up 43.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. On average, equities research analysts predict that CyberArk Software will post -0.47 earnings per share 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.