Cognyte Software (NASDAQ:CGNT) Posts Quarterly Earnings Results, Meets Expectations

Key Points

• Cognyte Software reported earnings per share of $0.03 in its latest quarterly results, meeting analysts' expectations.
• The company experienced a negative return on equity of 3.53% and a net margin of -2.18% during the quarter.
• Institutional investors hold 72.92% of Cognyte Software's stock, with several hedge funds significantly increasing their positions recently.

Cognyte Software (NASDAQ:CGNT - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03, Zacks reports. The business had revenue of $97.51 million during the quarter, compared to the consensus estimate of $96.32 million. Cognyte Software had a negative return on equity of 2.05% and a negative net margin of 1.20%. Cognyte Software updated its FY 2026 guidance to 0.230-0.230 EPS.

Cognyte Software Stock Down 2.3%

Cognyte Software stock traded down $0.20 during trading hours on Friday, reaching $8.52. 232,189 shares of the company's stock were exchanged, compared to its average volume of 323,228. The firm's 50 day simple moving average is $8.94 and its 200 day simple moving average is $9.26. Cognyte Software has a twelve month low of $6.38 and a twelve month high of $11.65. The firm has a market capitalization of $621.70 million, a PE ratio of -141.98 and a beta of 1.65.

Institutional Trading of Cognyte Software

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. grew its holdings in Cognyte Software by 79.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,634 shares of the company's stock worth $34,000 after acquiring an additional 1,608 shares during the period. Nebula Research & Development LLC acquired a new stake in Cognyte Software during the 2nd quarter worth about $247,000. Tidal Investments LLC grew its holdings in Cognyte Software by 22.1% during the 2nd quarter. Tidal Investments LLC now owns 49,403 shares of the company's stock worth $456,000 after acquiring an additional 8,927 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Cognyte Software in the 2nd quarter valued at about $476,000. Finally, State of Tennessee Department of Treasury grew its stake in shares of Cognyte Software by 73.5% in the 2nd quarter. State of Tennessee Department of Treasury now owns 61,249 shares of the company's stock valued at $566,000 after buying an additional 25,953 shares during the period. 72.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a "hold" rating on shares of Cognyte Software in a report on Monday, July 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Cognyte Software currently has a consensus rating of "Hold".

Cognyte Software Company Profile

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.