Informed Momentum Co LLC purchased a new stake in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 30,207 shares of the company's stock, valued at approximately $236,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in CGNT. SG Americas Securities LLC acquired a new stake in Cognyte Software during the first quarter worth about $663,000. Bank of America Corp DE grew its position in Cognyte Software by 149.3% during 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 in the last quarter. JPMorgan Chase & Co. grew its position in Cognyte Software by 6.8% during the fourth quarter. JPMorgan Chase & Co. now owns 413,448 shares of the company's stock worth $3,576,000 after buying an additional 26,487 shares in the last quarter. Millennium Management LLC grew its position in Cognyte Software by 80.8% during the fourth quarter. Millennium Management LLC now owns 456,546 shares of the company's stock worth $3,949,000 after buying an additional 204,099 shares in the last quarter. Finally, Signaturefd LLC grew its position in Cognyte Software by 119.2% during 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 in the last quarter. 72.92% of the stock is owned by institutional investors and hedge funds.
Cognyte Software Trading Up 1.2%
CGNT stock traded up $0.11 during trading on Monday, reaching $8.88. 52,471 shares of the stock were exchanged, compared to its average volume of 324,108. The stock has a 50 day simple moving average of $9.17 and a 200-day simple moving average of $9.43. The company has a market capitalization of $639.58 million, a P/E ratio of -80.73 and a beta of 1.65. 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 announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.07 EPS for the quarter. The business had revenue of $95.55 million for the quarter, compared to analyst estimates of $93.96 million. Cognyte Software had a negative return on equity of 3.53% and a negative net margin of 2.18%. Equities analysts predict that Cognyte Software Ltd. will post -0.2 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC reissued a "hold" rating on shares of Cognyte Software in a research report on Monday, July 28th.
View Our Latest Stock Report on Cognyte Software
Cognyte Software Profile
(
Free Report)
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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