Cyberark Software Ltd (NASDAQ:CYBR) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 728,511 shares, a decline of 29.0% from the February 15th total of 1,026,701 shares. Based on an average daily volume of 557,604 shares, the days-to-cover ratio is presently 1.3 days. Approximately 3.1% of the shares of the company are short sold.
Shares of CYBR stock opened at $51.41 on Wednesday. The firm has a market capitalization of $1,814.14, a price-to-earnings ratio of 78.45, a PEG ratio of 5.21 and a beta of 2.12. Cyberark Software has a twelve month low of $39.34 and a twelve month high of $55.63.
Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The business had revenue of $80.37 million during the quarter, compared to analyst estimates of $75.62 million. Cyberark Software had a return on equity of 6.88% and a net margin of 6.12%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. research analysts forecast that Cyberark Software will post 0.54 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in CYBR. Alyeska Investment Group L.P. acquired a new stake in shares of Cyberark Software in the third quarter valued at $33,626,000. Epoch Investment Partners Inc. lifted its holdings in shares of Cyberark Software by 38.4% in the third quarter. Epoch Investment Partners Inc. now owns 1,030,479 shares of the technology company’s stock valued at $42,250,000 after buying an additional 285,841 shares during the period. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Cyberark Software by 18.1% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,389,765 shares of the technology company’s stock valued at $57,522,000 after buying an additional 213,302 shares during the period. Senvest Management LLC lifted its holdings in shares of Cyberark Software by 87.3% in the third quarter. Senvest Management LLC now owns 401,739 shares of the technology company’s stock valued at $16,471,000 after buying an additional 187,239 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Cyberark Software in the third quarter valued at $7,159,000. Institutional investors and hedge funds own 76.65% of the company’s stock.
A number of research analysts recently issued reports on the company. BidaskClub lowered Cyberark Software from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. ValuEngine lowered Cyberark Software from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Piper Jaffray Companies restated an “overweight” rating and set a $59.00 price objective on shares of Cyberark Software in a research report on Wednesday, March 7th. Evercore ISI reiterated a “buy” rating on shares of Cyberark Software in a research report on Thursday, February 15th. Finally, Zacks Investment Research lowered Cyberark Software from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $51.89.
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About Cyberark Software
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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