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

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

Hedge Funds Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently bought and sold shares of the company. Whalen Wealth Management Inc. bought a new position in shares of CyberArk Software in the 4th quarter worth about $247,000. Janney Montgomery Scott LLC grew its stake in CyberArk Software by 23.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,162 shares of the technology company’s stock worth $4,052,000 after purchasing an additional 2,346 shares during the period. SG Americas Securities LLC grew its stake in CyberArk Software by 97.5% during the fourth quarter. SG Americas Securities LLC now owns 167,759 shares of the technology company’s stock worth $55,889,000 after purchasing an additional 82,812 shares during the period. Sheets Smith Wealth Management lifted its stake in CyberArk Software by 3.0% in the fourth quarter. Sheets Smith Wealth Management now owns 2,962 shares of the technology company’s stock valued at $987,000 after buying an additional 85 shares during the period. Finally, MCF Advisors LLC lifted its stake in CyberArk Software by 1,577.3% in the fourth quarter. MCF Advisors LLC now owns 369 shares of the technology company’s stock valued at $123,000 after buying an additional 347 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Robert W. Baird increased their target price on CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Truist Financial reiterated a “buy” rating and set a $350.00 price objective (up previously from $300.00) on shares of CyberArk Software in a research report on Thursday, November 14th. Piper Sandler boosted their target price on shares of CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and set a $360.00 price target on shares of CyberArk Software in a research report on Tuesday, January 14th. Finally, Mizuho lifted their price objective on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued 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 $353.93.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $352.22 on Monday. CyberArk Software has a 1 year low of $223.09 and a 1 year high of $363.00. The company has a 50 day simple moving average of $324.09 and a 200 day simple moving average of $293.06. The firm has a market cap of $15.35 billion, a PE ratio of 1,304.57 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same period last year, the company earned ($0.31) earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. As a group, research analysts anticipate that CyberArk Software will post -0.58 earnings per share for the current fiscal 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.