Edenbrook Capital LLC Has $51.75 Million Stake 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 raised its stake in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,635,083 shares of the company's stock after buying an additional 82,500 shares during the quarter. Cognyte Software comprises approximately 15.1% of Edenbrook Capital LLC's holdings, making the stock its largest position. Edenbrook Capital LLC owned about 9.21% of Cognyte Software worth $51,754,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CGNT. Barclays PLC grew its holdings in Cognyte Software by 70.0% during the 4th quarter. Barclays PLC now owns 2,943 shares of the company's stock valued at $25,000 after buying an additional 1,212 shares in the last quarter. Signaturefd LLC boosted its position in shares of Cognyte Software by 119.2% during the 1st quarter. Signaturefd LLC now owns 3,968 shares of the company's stock valued at $31,000 after acquiring an additional 2,158 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Cognyte Software during the 1st quarter valued at approximately $106,000. Jane Street Group LLC bought a new position in shares of Cognyte Software during the 4th quarter valued at approximately $112,000. Finally, Bank of America Corp DE boosted its position in shares of Cognyte Software by 149.3% during the 4th quarter. Bank of America Corp DE now owns 13,369 shares of the company's stock valued at $116,000 after acquiring an additional 8,007 shares during the last quarter. 72.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a research report on Monday, July 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Cognyte Software Stock Up 5.8%

CGNT traded up $0.52 during trading on Monday, reaching $9.53. The company had a trading volume of 596,035 shares, compared to its average volume of 315,140. The stock has a market cap of $686.73 million, a P/E ratio of -86.64 and a beta of 1.65. The business has a 50 day simple moving average of $8.97 and a 200-day simple moving average of $9.27. Cognyte Software Ltd. has a 52 week low of $6.21 and a 52 week high of $11.65.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $95.55 million during the quarter, compared to the consensus estimate of $93.96 million. 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 0.190-0.190 EPS. As a group, equities research analysts expect that Cognyte Software Ltd. will post -0.2 EPS for the current fiscal year.

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.