Cyberark Software (NASDAQ:CYBR) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 3,482,379 shares, a growth of 48.5% from the May 29th total of 2,344,926 shares, MarketBeat.com reports. Based on an average daily volume of 3,205,419 shares, the days-to-cover ratio is currently 1.1 days. Currently, 16.8% of the shares of the company are sold short.
Several analysts have recently commented on the stock. Analysts at Vetr upgraded shares of Cyberark Software from a “strong sell” rating to a “sell” rating and set a $53.88 price target on the stock in a research note on Monday. Analysts at Bank of America reiterated a “buy” rating and set a $80.00 price target (up previously from $70.00) on shares of Cyberark Software in a research note on Thursday, June 18th. Analysts at Imperial Capital raised their price target on shares of Cyberark Software from $48.00 to $57.00 and gave the company a “line” rating in a research note on Tuesday, May 19th. Analysts at Zacks upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Friday, May 15th. Finally, analysts at Nomura set a $50.00 price target on shares of Cyberark Software and gave the company a “hold” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Cyberark Software presently has an average rating of “Hold” and an average target price of $59.32.
Cyberark Software (NASDAQ:CYBR) opened at 60.38 on Friday. Cyberark Software has a 52 week low of $22.12 and a 52 week high of $76.35. The stock’s 50-day moving average is $65.49 and its 200-day moving average is $54.47. The company has a market cap of $1.79 billion and a P/E ratio of 133.29.
Cyberark Software (NASDAQ:CYBR) last announced its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.11. The company had revenue of $32.90 million for the quarter, compared to the consensus estimate of $26.70 million. Cyberark Software’s revenue was up 89.1% compared to the same quarter last year. On average, analysts predict that Cyberark Software will post $0.43 earnings per share for the current fiscal year.
Cyberark Software Ltd is an Israel-based security company. The Company’s provides information technology security solutions that protect organizations from cyber attacks. The Company’s products include CyberArk Shared Technology Platform, Privileged Account Security Solution and Sensitive Information Management Solution. It offers Privileged Account Security Solution, a solution to protect, monitor, detect, alert, and respond to privileged accounts. The company also provides Enterprise Class Integration for devices, networks, applications, and servers. It’s CyberArk Privileged Session Manager that isolates, controls, and monitors privileged user access and activities. It’s CyberArk Sensitive Information Management Solution, a platform for sharing and distributing information to users across systems using Web, desktop, mobile, and email.