Shares of Cognyte Software Ltd. (NASDAQ:CGNT - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $11.20 and last traded at $11.01, with a volume of 148633 shares trading hands. The stock had previously closed at $10.91.
Analyst Ratings Changes
CGNT has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cognyte Software in a research note on Thursday, May 22nd.
Get Our Latest Report on CGNT
Cognyte Software Price Performance
The firm's fifty day moving average price is $9.90 and its 200-day moving average price is $9.25. The firm has a market capitalization of $808.48 million, a P/E ratio of -59.05 and a beta of 1.72.
Cognyte Software (NASDAQ:CGNT - Get Free Report) last released its earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. The company had revenue of $94.51 million during the quarter, compared to the consensus estimate of $93.15 million. Cognyte Software had a negative net margin of 3.95% and a negative return on equity of 13.30%. During the same quarter in the prior year, the firm earned ($0.23) EPS. Analysts expect that Cognyte Software Ltd. will post -0.2 earnings per share for the current year.
Hedge Funds Weigh In On Cognyte Software
Several institutional investors have recently bought and sold shares of CGNT. Barclays PLC increased its holdings in shares of Cognyte Software by 70.0% during the 4th quarter. Barclays PLC now owns 2,943 shares of the company's stock valued at $25,000 after acquiring an additional 1,212 shares during the last quarter. Signaturefd LLC grew its holdings in Cognyte Software by 119.2% during the first quarter. Signaturefd LLC now owns 3,968 shares of the company's stock valued at $31,000 after purchasing an additional 2,158 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Cognyte Software by 1,695.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,130 shares of the company's stock valued at $36,000 after purchasing an additional 3,900 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Cognyte Software in the fourth quarter worth $71,000. Finally, Magnetar Financial LLC bought a new stake in shares of Cognyte Software during the 1st quarter worth $106,000. 72.92% of the stock is currently owned by institutional investors.
About Cognyte Software
(
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Cognyte Software Ltd. provides an investigative analytics software to governments and enterprises worldwide. Its Actionable Intelligence for a Safer World, an open software designed to help governments and enterprises accelerate and enhance the effectiveness of investigations. The company offers network intelligence analytics, threat intelligence analytics, decision intelligence analytics, and operational intelligence analytics solutions.
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