Cubist Systematic Strategies LLC Makes New $633,000 Investment in Cognyte Software Ltd. $CGNT

Key Points

• Cubist Systematic Strategies LLC has made a new investment in Cognyte Software Ltd., purchasing 81,137 shares valued at approximately $633,000.
• Despite the recent investment activity, Cognyte Software's stock is down 11.3%, with current trading at $8.45 and a twelve-month low of $6.21.
• Cognyte Software's earnings report revealed a negative return on equity of 3.53% and a negative net margin of 2.18%, with analysts predicting a -0.2 earnings per share for the current fiscal year.

Cubist Systematic Strategies LLC bought a new stake in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 81,137 shares of the company's stock, valued at approximately $633,000. Cubist Systematic Strategies LLC owned approximately 0.11% of Cognyte Software as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of 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 in the last quarter. Signaturefd LLC boosted its holdings in shares of 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 in the last quarter. Jane Street Group LLC acquired a new stake in shares of Cognyte Software in the 4th quarter valued at $112,000. Bank of America Corp DE boosted its holdings in shares of Cognyte Software by 149.3% in the 4th quarter. Bank of America Corp DE now owns 13,369 shares of the company's stock valued at $116,000 after purchasing an additional 8,007 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Cognyte Software in the 1st quarter valued at $106,000. Institutional investors and hedge funds own 72.92% of the company's stock.

Analyst Ratings Changes

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

Cognyte Software Stock Down 0.7%

CGNT traded down $0.06 during midday trading on Monday, hitting $8.46. 282,521 shares of the company were exchanged, compared to its average volume of 286,563. The firm has a market capitalization of $617.33 million, a P/E ratio of -140.98 and a beta of 1.65. Cognyte Software Ltd. has a 1-year low of $6.38 and a 1-year high of $11.65. The firm's 50 day moving average price is $8.93 and its 200-day moving average price is $9.25.

Cognyte Software 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.