Jump Financial LLC Invests $353,000 in Cognyte Software Ltd. (NASDAQ:CGNT)

Jump Financial LLC acquired a new stake in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,800 shares of the company's stock, valued at approximately $353,000. Jump Financial LLC owned 0.06% of Cognyte Software as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Value Base Ltd. acquired a new position in Cognyte Software in the fourth quarter valued at $49,471,000. William Blair Investment Management LLC lifted its stake in shares of Cognyte Software by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,742,843 shares of the company's stock valued at $23,726,000 after purchasing an additional 67,024 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Cognyte Software by 7.7% in the 4th quarter. Renaissance Technologies LLC now owns 726,206 shares of the company's stock valued at $6,282,000 after purchasing an additional 51,795 shares during the period. Scalar Gauge Management LLC grew its stake in Cognyte Software by 2.3% during the fourth quarter. Scalar Gauge Management LLC now owns 450,032 shares of the company's stock worth $3,893,000 after purchasing an additional 10,000 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Cognyte Software by 6.8% in the fourth quarter. JPMorgan Chase & Co. now owns 413,448 shares of the company's stock worth $3,576,000 after purchasing an additional 26,487 shares in the last quarter. 72.92% of the stock is owned by institutional investors.

Cognyte Software Trading Up 2.9 %

Shares of CGNT stock traded up $0.28 during trading on Thursday, reaching $10.08. 62,424 shares of the company's stock traded hands, compared to its average volume of 282,733. Cognyte Software Ltd. has a 1 year low of $6.21 and a 1 year high of $11.12. The company has a market capitalization of $726.55 million, a P/E ratio of -53.34 and a beta of 1.76. The firm's 50-day moving average is $8.90 and its 200 day moving average is $8.62.

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

Analyst Ratings Changes

CGNT has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Cognyte Software in a research report on Tuesday, April 8th. StockNews.com upgraded shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 12th.

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.