CyberArk Software Ltd. (CYBR) Short Interest Update

CyberArk Software Ltd. (NASDAQ:CYBR) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 1,152,474 shares, a decline of 23.9% from the August 15th total of 1,514,824 shares. Based on an average trading volume of 510,671 shares, the days-to-cover ratio is currently 2.3 days. Approximately 3.4% of the shares of the stock are sold short.

Shares of CyberArk Software (NASDAQ CYBR) opened at 42.09 on Wednesday. The stock has a market capitalization of $1.25 billion, a P/E ratio of 54.03 and a beta of 2.58. The stock has a 50 day moving average of $40.76 and a 200-day moving average of $47.20. CyberArk Software has a 1-year low of $39.34 and a 1-year high of $56.25.

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and set a $55.00 price target (down from $62.00) on shares of CyberArk Software in a research report on Friday, July 14th. Piper Jaffray Companies restated an “overweight” rating and set a $51.00 price target (down from $61.00) on shares of CyberArk Software in a research report on Friday, July 14th. ValuEngine lowered shares of CyberArk Software from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Imperial Capital lowered their price target on shares of CyberArk Software from $55.00 to $42.00 and set an “in-line” rating on the stock in a research report on Friday, July 14th. Finally, BidaskClub upgraded shares of CyberArk Software from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $50.60.

Several institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers acquired a new stake in shares of CyberArk Software during the 2nd quarter worth about $286,000. Wasatch Advisors Inc. boosted its position in shares of CyberArk Software by 23.9% in the second quarter. Wasatch Advisors Inc. now owns 1,359,629 shares of the technology company’s stock worth $67,913,000 after acquiring an additional 262,189 shares during the last quarter. Bank of Nova Scotia acquired a new stake in shares of CyberArk Software in the second quarter worth approximately $345,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of CyberArk Software by 15.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,119 shares of the technology company’s stock worth $455,000 after acquiring an additional 1,201 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of CyberArk Software by 27.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,670 shares of the technology company’s stock worth $282,000 after acquiring an additional 1,205 shares during the last quarter. 80.47% of the stock is currently owned by institutional investors.

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CyberArk Software Company Profile

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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