Informed Momentum Co LLC Invests $236,000 in Cognyte Software Ltd. (NASDAQ:CGNT)

Key Points

• Informed Momentum Co LLC has invested approximately $236,000 in Cognyte Software Ltd., acquiring 30,207 shares during the first quarter.
• Institutional investors and hedge funds currently own 72.92% of Cognyte Software's stock, indicating significant interest from major financial players.
• Cognyte Software reported a revenue of $95.55 million in its latest quarterly earnings, exceeding analysts' expectations of $93.96 million.

Informed Momentum Co LLC acquired a new position in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,207 shares of the company's stock, valued at approximately $236,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in Cognyte Software by 70.0% in the fourth quarter. Barclays PLC now owns 2,943 shares of the company's stock worth $25,000 after buying an additional 1,212 shares during the last quarter. Signaturefd LLC increased its holdings in Cognyte Software by 119.2% in the first quarter. Signaturefd LLC now owns 3,968 shares of the company's stock worth $31,000 after buying an additional 2,158 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Cognyte Software by 1,695.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,130 shares of the company's stock worth $36,000 after buying an additional 3,900 shares during the last quarter. Jane Street Group LLC acquired a new position in Cognyte Software in the fourth quarter worth approximately $112,000. Finally, Bank of America Corp DE increased its holdings in Cognyte Software by 149.3% in the fourth quarter. Bank of America Corp DE now owns 13,369 shares of the company's stock worth $116,000 after buying an additional 8,007 shares during the last quarter. Institutional investors and hedge funds own 72.92% of the company's stock.

Cognyte Software Stock Up 2.2%

Shares of CGNT stock opened at $8.78 on Thursday. Cognyte Software Ltd. has a 12 month low of $6.21 and a 12 month high of $11.65. The business's 50 day moving average is $9.27 and its two-hundred day moving average is $9.43. The company has a market cap of $632.69 million, a PE ratio of -79.82 and a beta of 1.65.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.07 EPS for the quarter. Cognyte Software had a negative return on equity of 3.53% and a negative net margin of 2.18%. The company had revenue of $95.55 million for the quarter, compared to the consensus estimate of $93.96 million. As a group, equities analysts expect that Cognyte Software Ltd. will post -0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a "hold" rating on shares of Cognyte Software in a report on Monday, July 28th.

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.

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