Short Interest in Cyberark Software Ltd (CYBR) Drops By 25.1%
Cyberark Software Ltd (NASDAQ:CYBR) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,312,157 shares, a drop of 25.1% from the November 15th total of 1,750,804 shares. Based on an average daily volume of 338,248 shares, the short-interest ratio is presently 3.9 days. Approximately 3.9% of the shares of the company are short sold.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Advisors LLC boosted its position in shares of Cyberark Software by 419.1% in the third quarter. Cetera Advisors LLC now owns 30,215 shares of the technology company’s stock valued at $1,243,000 after acquiring an additional 24,394 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Cyberark Software in the third quarter valued at approximately $7,159,000. Granahan Investment Management Inc. MA boosted its position in shares of Cyberark Software by 23.3% in the third quarter. Granahan Investment Management Inc. MA now owns 53,758 shares of the technology company’s stock valued at $2,204,000 after acquiring an additional 10,144 shares during the period. Alyeska Investment Group L.P. bought a new position in Cyberark Software in the third quarter worth $33,626,000. Finally, Asset Management One Co. Ltd. lifted its position in Cyberark Software by 122.5% in the third quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock worth $174,000 after purchasing an additional 2,340 shares during the period. 75.79% of the stock is owned by institutional investors.
Several equities analysts have commented on the company. Bank of America upgraded Cyberark Software from an “underperform” rating to a “neutral” rating in a report on Thursday, November 2nd. Monness Crespi & Hardt assumed coverage on Cyberark Software in a report on Monday. They set a “neutral” rating on the stock. UBS lowered their price target on Cyberark Software from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Zacks Investment Research downgraded Cyberark Software from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price target on shares of Cyberark Software in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Cyberark Software currently has a consensus rating of “Hold” and an average target price of $49.91.
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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