Cognyte Software Ltd. (NASDAQ:CGNT) Shares Sold by State of Wyoming

State of Wyoming lowered its position in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 86.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,827 shares of the company's stock after selling 54,677 shares during the period. State of Wyoming's holdings in Cognyte Software were worth $76,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Cognyte Software during the 4th quarter worth $26,000. William Blair Investment Management LLC grew its position in Cognyte Software by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 2,742,843 shares of the company's stock worth $23,726,000 after buying an additional 67,024 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Cognyte Software by 41.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,448 shares of the company's stock worth $445,000 after buying an additional 15,036 shares during the period. Value Base Ltd. purchased a new position in Cognyte Software in the fourth quarter valued at about $49,471,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Cognyte Software during the 4th quarter valued at approximately $71,000. Hedge funds and other institutional investors own 72.92% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CGNT. Needham & Company LLC restated a "hold" rating on shares of Cognyte Software in a report on Thursday, May 22nd. Wall Street Zen upgraded Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 12th.

Cognyte Software Stock Performance

NASDAQ CGNT traded up $0.07 during trading hours on Friday, reaching $10.82. The company's stock had a trading volume of 258,246 shares, compared to its average volume of 288,419. The stock has a market cap of $779.66 million, a PE ratio of -56.95 and a beta of 1.72. Cognyte Software Ltd. has a fifty-two week low of $6.21 and a fifty-two week high of $11.12. The company's 50-day moving average is $9.64 and its two-hundred day moving average is $9.14.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $94.51 million for the quarter, compared to the consensus estimate of $93.15 million. Cognyte Software had a negative net margin of 3.95% and a negative return on equity of 13.30%. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. Equities analysts expect that Cognyte Software Ltd. will post -0.2 earnings per share for the current fiscal year.

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.