Cognyte Software (NASDAQ:CGNT) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Cognyte Software shares moved above their 200-day moving average, reaching $9.43 before closing at $9.13, compared with the $8.82 long-term average.
• Analyst sentiment remains mixed: ratings include two Buys, one Hold and one Sell, resulting in an overall “Hold” consensus and an average price target of $13.50.
• The company slightly exceeded revenue expectations with $105.49 million but missed quarterly EPS estimates, reporting $0.03 versus the expected $0.10; institutional investors own 72.92% of the stock.

Cognyte Software Ltd. (NASDAQ:CGNT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.82 and traded as high as $9.43. Cognyte Software shares last traded at $9.13, with a volume of 300,348 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Cognyte Software from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th. Zacks Research raised shares of Cognyte Software from a "strong sell" rating to a "hold" rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cognyte Software presently has an average rating of "Hold" and an average price target of $13.50.

Cognyte Software Stock Performance

The firm has a market cap of $674.71 million, a price-to-earnings ratio of -228.25 and a beta of 1.67. The firm has a 50-day moving average price of $8.80 and a two-hundred day moving average price of $8.82.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.07). The business had revenue of $105.49 million during the quarter, compared to analyst estimates of $105.04 million. Cognyte Software had a negative net margin of 0.66% and a negative return on equity of 0.45%. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. Research analysts anticipate that Cognyte Software Ltd. will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Silverberg Bernstein Capital Management LLC grew its holdings in shares of Cognyte Software by 0.9% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 163,997 shares of the company's stock worth $1,328,000 after buying an additional 1,497 shares during the last quarter. Osaic Holdings Inc. raised its stake in Cognyte Software by 79.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,634 shares of the company's stock valued at $34,000 after acquiring an additional 1,608 shares during the last quarter. Vident Advisory LLC lifted its position in Cognyte Software by 2.6% during the 4th quarter. Vident Advisory LLC now owns 88,648 shares of the company's stock worth $833,000 after acquiring an additional 2,225 shares during the period. Sei Investments Co. lifted its position in Cognyte Software by 2.2% during the 2nd quarter. Sei Investments Co. now owns 140,882 shares of the company's stock worth $1,302,000 after acquiring an additional 2,988 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Cognyte Software by 1,478.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,268 shares of the company's stock valued at $31,000 after purchasing an additional 3,061 shares during the last quarter. Institutional investors and hedge funds own 72.92% of the company's stock.

Cognyte Software Company Profile

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.

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