Shares of Cognyte Software Ltd. (NASDAQ:CGNT - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $11.01, but opened at $10.22. Cognyte Software shares last traded at $9.19, with a volume of 531,637 shares.
Analyst Ratings Changes
CGNT has been the subject of several recent analyst reports. Wall Street Zen raised 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 report on Wednesday.
Get Our Latest Research Report on CGNT
Cognyte Software Stock Performance
The company's fifty day moving average price is $10.04 and its 200 day moving average price is $9.36. The firm has a market capitalization of $645.63 million, a price-to-earnings ratio of -47.16 and a beta of 1.73.
Cognyte Software (NASDAQ:CGNT - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.07 EPS for the quarter. Cognyte Software had a negative net margin of 3.95% and a negative return on equity of 13.30%. The business had revenue of $95.55 million during the quarter, compared to analyst estimates of $93.96 million. As a group, sell-side analysts expect that Cognyte Software Ltd. will post -0.2 earnings per share for the current year.
Institutional Trading of Cognyte Software
Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its position in Cognyte Software by 70.0% in the 4th quarter. Barclays PLC now owns 2,943 shares of the company's stock valued at $25,000 after purchasing an additional 1,212 shares during the last quarter. Signaturefd LLC lifted its position in Cognyte Software by 119.2% in the 1st 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. lifted its position in Cognyte Software by 1,695.7% in the 4th 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 last quarter. Quantbot Technologies LP bought a new stake in Cognyte Software in the 4th quarter valued at about $71,000. Finally, Magnetar Financial LLC bought a new stake in Cognyte Software in the 1st quarter valued at about $106,000. 72.92% of the stock is currently owned by institutional investors.
Cognyte Software Company Profile
(
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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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