CyberArk Software Ltd. (NASDAQ:CYBR) Short Interest Up 26.8% in August

Key Points

• CyberArk Software experienced a 26.8% increase in short interest, reaching a total of 2,080,000 shares as of August 31st, suggesting growing bearish sentiment among investors.
• Wall Street analysts have adjusted price targets for CyberArk, with Barclays raising its target to $440.00 and multiple firms maintaining a "neutral" rating, indicating a mixed outlook on the stock.
• Despite a 46.0% year-over-year revenue growth reported in their last earnings, CyberArk's net margin remains negative at 13.78%, highlighting ongoing challenges in profitability.

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,080,000 shares, a growth of 26.8% from the August 15th total of 1,640,000 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily volume of 1,360,000 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 1,360,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 4.1% of the shares of the company are sold short.

CyberArk Software Stock Up 1.0%

CyberArk Software stock traded up $4.69 during midday trading on Friday, hitting $490.64. 1,100,902 shares of the stock were exchanged, compared to its average volume of 800,170. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. CyberArk Software has a 1 year low of $269.00 and a 1 year high of $492.81. The company has a 50 day moving average price of $428.39 and a two-hundred day moving average price of $385.28. The firm has a market cap of $24.25 billion, a P/E ratio of 2,886.12 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same period in the prior year, the business posted $0.54 EPS. The business's revenue for the quarter was up 46.0% compared to the same quarter last year. On average, sell-side analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

A number of hedge funds have recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new position in shares of CyberArk Software in the 2nd quarter valued at $30,000. NewSquare Capital LLC boosted its stake in shares of CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company's stock valued at $30,000 after purchasing an additional 32 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after purchasing an additional 39 shares during the last quarter. Whipplewood Advisors LLC boosted its stake in CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in CyberArk Software during the 2nd quarter worth approximately $33,000. 91.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CYBR. Cantor Fitzgerald reissued an "overweight" rating and set a $420.00 price objective on shares of CyberArk Software in a report on Tuesday, July 22nd. Oppenheimer restated a "market perform" rating on shares of CyberArk Software in a research report on Friday, August 1st. KeyCorp lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Wedbush reiterated a "neutral" rating and set a $450.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. Finally, Needham & Company LLC raised their target price on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $435.11.

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.