Edenbrook Capital LLC Has $51.75 Million Position in Cognyte Software Ltd. $CGNT

Key Points

• Edenbrook Capital LLC has increased its stake in Cognyte Software Ltd. by 1.3%, making it the fund's largest position at approximately 15.1% of its holdings, valued at about $51.75 million.
• Cognyte Software's stock has experienced a decline of 1.9%, with current trading at $8.65, within a 52-week range of $6.21 to $11.65.
• Analysts maintain a consensus rating of "Hold" for Cognyte Software, as the company anticipates an earnings per share of -0.2 for the current year.

Edenbrook Capital LLC lifted its holdings in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,635,083 shares of the company's stock after purchasing an additional 82,500 shares during the period. Cognyte Software accounts for about 15.1% of Edenbrook Capital LLC's portfolio, making the stock its largest position. Edenbrook Capital LLC owned 9.21% of Cognyte Software worth $51,754,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Cognyte Software by 14.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,077 shares of the company's stock worth $7,083,000 after purchasing an additional 112,530 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Cognyte Software by 8.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 818,729 shares of the company's stock worth $7,082,000 after purchasing an additional 66,712 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Cognyte Software in the first quarter valued at about $4,495,000. Millennium Management LLC boosted its holdings in Cognyte Software by 80.8% in the fourth quarter. Millennium Management LLC now owns 456,546 shares of the company's stock valued at $3,949,000 after acquiring an additional 204,099 shares during the last quarter. Finally, Trexquant Investment LP boosted its holdings in Cognyte Software by 50.1% in the first quarter. Trexquant Investment LP now owns 203,985 shares of the company's stock valued at $1,591,000 after acquiring an additional 68,078 shares during the last quarter. Institutional investors own 72.92% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a "hold" rating on shares of Cognyte Software in a research note on Monday, July 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

Cognyte Software Trading Down 11.4%

Shares of NASDAQ CGNT traded down $1.09 during mid-day trading on Tuesday, reaching $8.44. 1,148,905 shares of the company's stock were exchanged, compared to its average volume of 319,959. The firm has a market capitalization of $608.16 million, a price-to-earnings ratio of -76.67 and a beta of 1.65. The business has a fifty day simple moving average of $8.98 and a 200 day simple moving average of $9.27. Cognyte Software Ltd. has a twelve month low of $6.21 and a twelve month high of $11.65.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03. Cognyte Software had a negative return on equity of 3.53% and a negative net margin of 2.18%. Cognyte Software has set its FY 2026 guidance at 0.230-0.230 EPS. Equities research analysts predict that Cognyte Software Ltd. will post -0.2 earnings per share for the current fiscal year.

About Cognyte Software

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.