Cyberark Software Ltd (CYBR) Short Interest Update

Cyberark Software Ltd (NASDAQ:CYBR) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 832,747 shares, an increase of 39.9% from the January 15th total of 595,221 shares. Based on an average daily trading volume, of 952,277 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.4% of the shares of the stock are sold short.

A number of research analysts recently weighed in on the stock. Evercore ISI restated a “buy” rating and set a $96.00 target price on shares of Cyberark Software in a research note on Wednesday. BidaskClub cut shares of Cyberark Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 11th. Zacks Investment Research upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Tuesday, January 8th. Goldman Sachs Group cut shares of Cyberark Software from a “buy” rating to a “neutral” rating and lowered their target price for the company from $86.00 to $78.00 in a research note on Friday, January 4th. Finally, Deutsche Bank upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cyberark Software presently has an average rating of “Buy” and a consensus price target of $80.80.

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Shares of CYBR stock opened at $104.06 on Friday. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 142.55, a P/E/G ratio of 4.47 and a beta of 1.79. Cyberark Software has a 52 week low of $45.96 and a 52 week high of $105.00.

A number of hedge funds have recently made changes to their positions in the business. Crawford Lake Capital Management LLC purchased a new stake in Cyberark Software in the 4th quarter worth $2,136,000. Cipher Capital LP increased its holdings in shares of Cyberark Software by 105.7% in the 4th quarter. Cipher Capital LP now owns 20,591 shares of the technology company’s stock worth $1,527,000 after buying an additional 10,580 shares during the last quarter. Suntrust Banks Inc. bought a new stake in shares of Cyberark Software in the 4th quarter worth about $1,330,000. Bank of America Corp DE increased its holdings in shares of Cyberark Software by 198.9% in the 4th quarter. Bank of America Corp DE now owns 520,239 shares of the technology company’s stock worth $38,570,000 after buying an additional 346,194 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Cyberark Software by 65.5% in the 4th quarter. Two Sigma Advisers LP now owns 617,900 shares of the technology company’s stock worth $45,811,000 after buying an additional 244,600 shares during the last quarter. Institutional investors and hedge funds own 79.04% of the company’s stock.

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About Cyberark Software

CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

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