Trexquant Investment LP Increases Stock Position in Cognyte Software Ltd. $CGNT

Key Points

• Trexquant Investment LP increased its holdings in Cognyte Software Ltd. (NASDAQ:CGNT) by 50.1%, now owning 203,985 shares worth approximately $1.59 million.
• Other institutional investors have also increased their stakes, with 72.92% of the stock currently owned by such investors, highlighting growing confidence in the company.
• Cognyte Software reported a revenue of $95.55 million for the last quarter, exceeding analysts' expectations, despite a negative net margin of 2.18%.

Trexquant Investment LP grew its holdings in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 50.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,985 shares of the company's stock after buying an additional 68,078 shares during the quarter. Trexquant Investment LP owned 0.28% of Cognyte Software worth $1,591,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Cognyte Software in the 1st quarter worth about $663,000. Bank of America Corp DE lifted its position 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 worth $116,000 after purchasing an additional 8,007 shares during the period. Signaturefd LLC lifted its position in shares of Cognyte Software by 119.2% in the 1st quarter. Signaturefd LLC now owns 3,968 shares of the company's stock worth $31,000 after purchasing an additional 2,158 shares during the period. Millennium Management LLC lifted its position in shares of Cognyte Software by 80.8% in the 4th quarter. Millennium Management LLC now owns 456,546 shares of the company's stock worth $3,949,000 after purchasing an additional 204,099 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Cognyte Software in the 4th quarter worth approximately $112,000. 72.92% of the stock is currently owned by institutional investors.

Cognyte Software Trading Up 3.7%

NASDAQ CGNT opened at $9.01 on Friday. The company has a fifty day simple moving average of $8.97 and a two-hundred day simple moving average of $9.27. The stock has a market cap of $649.23 million, a P/E ratio of -81.91 and a beta of 1.65. Cognyte Software Ltd. has a 12-month low of $6.21 and a 12-month high of $11.65.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $95.55 million during the quarter, compared to analysts' expectations of $93.96 million. Cognyte Software had a negative net margin of 2.18% and a negative return on equity of 3.53%. Cognyte Software has set its FY 2026 guidance at 0.190-0.190 EPS. As a group, sell-side analysts forecast that Cognyte Software Ltd. will post -0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed 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, According to data from MarketBeat, the stock presently has an average rating of "Hold".

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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