CyberArk Software Ltd. (NASDAQ:CYBR) Short Interest Down 9.0% in July

CyberArk Software Ltd. (NASDAQ:CYBR) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 1,910,000 shares, a decrease of 9.0% from the June 30th total of 2,100,000 shares. Based on an average trading volume of 524,400 shares, the short-interest ratio is presently 3.6 days. Approximately 4.4% of the shares of the company are sold short.

CyberArk Software Trading Down 0.5 %

Shares of CYBR stock traded down $1.28 during trading hours on Thursday, hitting $255.10. The company’s stock had a trading volume of 456,627 shares, compared to its average volume of 546,091. The business has a fifty day moving average of $256.19 and a 200-day moving average of $251.66. CyberArk Software has a twelve month low of $142.92 and a twelve month high of $284.10. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of -402.03 and a beta of 1.14.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.67. The company had revenue of $221.55 million during the quarter, compared to analysts’ expectations of $213.42 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. On average, equities analysts expect that CyberArk Software will post -1.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on CYBR shares. Rosenblatt Securities reiterated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Wednesday, May 1st. Guggenheim reissued a “buy” rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Tuesday, June 25th. Canaccord Genuity Group cut their price objective on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 4th. Wedbush reaffirmed an “outperform” rating and issued a $285.00 target price on shares of CyberArk Software in a report on Friday, May 3rd. Finally, DA Davidson increased their price target on shares of CyberArk Software from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $280.63.

Institutional Investors Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in CyberArk Software by 64.7% during the first quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company’s stock worth $1,951,000 after acquiring an additional 2,885 shares during the last quarter. Congress Asset Management Co. MA boosted its holdings in shares of CyberArk Software by 29.3% during the first quarter. Congress Asset Management Co. MA now owns 50,097 shares of the technology company’s stock worth $13,307,000 after purchasing an additional 11,345 shares during the last quarter. Contour Asset Management LLC purchased a new stake in shares of CyberArk Software in the fourth quarter valued at $48,605,000. Russell Investments Group Ltd. increased its stake in CyberArk Software by 58.3% in the first quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock valued at $8,830,000 after purchasing an additional 12,242 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in CyberArk Software during the first quarter worth about $2,741,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

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.