Short Interest in CyberArk Software Ltd. (NASDAQ:CYBR) Declines By 8.9%

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,730,000 shares, a drop of 8.9% from the February 29th total of 1,900,000 shares. Currently, 4.1% of the shares of the stock are sold short. Based on an average daily volume of 615,500 shares, the days-to-cover ratio is currently 2.8 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CYBR shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 price target on shares of CyberArk Software in a research report on Thursday, February 29th. BTIG Research started coverage on CyberArk Software in a research report on Thursday, March 28th. They set a "buy" rating and a $317.00 price target on the stock. Jefferies Financial Group started coverage on CyberArk Software in a research report on Friday, December 15th. They set a "buy" rating and a $240.00 price target on the stock. KeyCorp lifted their price target on CyberArk Software from $274.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, February 9th. Finally, Needham & Company LLC lifted their price target on CyberArk Software from $245.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. Based on data from MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and a consensus price target of $258.54.

Institutional Trading of CyberArk Software

A number of institutional investors have recently bought and sold shares of CYBR. 1832 Asset Management L.P. acquired a new stake in shares of CyberArk Software in the fourth quarter worth about $33,000. FinTrust Capital Advisors LLC acquired a new stake in shares of CyberArk Software in the fourth quarter worth about $34,000. Assetmark Inc. lifted its position in shares of CyberArk Software by 62.1% in the third quarter. Assetmark Inc. now owns 248 shares of the technology company's stock worth $41,000 after buying an additional 95 shares during the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of CyberArk Software in the second quarter worth about $47,000. Finally, Desjardins Global Asset Management Inc. lifted its position in shares of CyberArk Software by 22.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company's stock worth $62,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Performance

Shares of CYBR stock traded down $1.13 on Tuesday, reaching $263.12. 328,008 shares of the company's stock traded hands, compared to its average volume of 626,594. CyberArk Software has a 12-month low of $120.11 and a 12-month high of $283.00. The company has a market capitalization of $11.12 billion, a P/E ratio of -162.42 and a beta of 1.05. The business's 50 day moving average price is $256.35 and its two-hundred day moving average price is $213.77.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.53. The firm had revenue of $223.10 million during the quarter, compared to analysts' expectations of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. Research analysts predict that CyberArk Software will post -1.46 earnings per share for the current year.

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.

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