Cognyte Software Ltd. (NASDAQ:CGNT - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.57 and traded as high as $9.67. Cognyte Software shares last traded at $9.55, with a volume of 317,603 shares.
Analysts Set New Price Targets
Several research firms recently weighed in on CGNT. Zacks Research raised shares of Cognyte Software from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 8th. Lake Street Capital began coverage on shares of Cognyte Software in a research report on Monday, March 2nd. They set a "buy" rating and a $13.00 price objective for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cognyte Software in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cognyte Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.
Get Our Latest Stock Report on Cognyte Software
Cognyte Software Stock Up 1.2%
The stock has a market cap of $697.91 million, a price-to-earnings ratio of -955.00 and a beta of 1.53. The company has a 50 day simple moving average of $8.38 and a 200 day simple moving average of $8.57.
Cognyte Software (NASDAQ:CGNT - Get Free Report) last issued its earnings results on Wednesday, March 25th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.01 by $0.09. The firm had revenue of $106.24 million during the quarter, compared to the consensus estimate of $106.20 million. Cognyte Software had a positive return on equity of 0.74% and a negative net margin of 0.16%. As a group, analysts predict that Cognyte Software Ltd. will post 0.17 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CGNT. Millennium Management LLC raised its stake in Cognyte Software by 101.9% during the first quarter. Millennium Management LLC now owns 921,853 shares of the company's stock worth $7,190,000 after acquiring an additional 465,307 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Cognyte Software by 52.6% during the first quarter. Goldman Sachs Group Inc. now owns 131,140 shares of the company's stock worth $1,023,000 after acquiring an additional 45,229 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Cognyte Software by 36.3% during the second quarter. JPMorgan Chase & Co. now owns 582,139 shares of the company's stock worth $5,379,000 after acquiring an additional 154,955 shares in the last quarter. Marshall Wace LLP raised its stake in Cognyte Software by 77.5% during the second quarter. Marshall Wace LLP now owns 756,876 shares of the company's stock worth $6,994,000 after acquiring an additional 330,569 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in Cognyte Software by 25.4% during the second quarter. Qube Research & Technologies Ltd now owns 224,053 shares of the company's stock worth $2,070,000 after acquiring an additional 45,449 shares in the last quarter. Institutional investors and hedge funds own 72.92% of the company's stock.
About Cognyte Software
(
Get Free Report)
Cognyte Software Ltd. is a global provider of security analytics solutions that was spun off from NICE Ltd. in early 2021. Headquartered in Israel, the company delivers specialized software and services designed to help government agencies, law enforcement organizations and critical infrastructure operators process and analyze large volumes of data for intelligence and investigative purposes.
The company’s core offerings include advanced analytics platforms that aggregate and visualize structured and unstructured data from diverse sources, such as communications metadata, open-source intelligence and sensor feeds.
Further Reading
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