NASDAQ:CGNT - Get Free Report ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.31 and traded as high as $7.01. Cognyte Software shares last traded at $6.91, with a volume of 191,281 shares.
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Analyst Upgrades and Downgrades Several research analysts have recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a research note on Tuesday, April 9th. Wedbush boosted their price target on Cognyte Software from $5.00 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, April 11th. StockNews.com upgraded Cognyte Software from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 10th. Finally, Evercore ISI boosted their price target on Cognyte Software from $5.00 to $7.50 and gave the company an "in-line" rating in a research note on Wednesday, April 10th.
Check Out Our Latest Research Report on Cognyte Software
Cognyte Software Stock Performance The stock has a market capitalization of $484.36 million, a price-to-earnings ratio of -29.65 and a beta of 1.68. The company has a fifty day simple moving average of $7.43 and a two-hundred day simple moving average of $6.32.
Hedge Funds Weigh In On Cognyte Software Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC acquired a new position in Cognyte Software in the 1st quarter valued at $811,000. Quadrature Capital Ltd acquired a new position in Cognyte Software in the 4th quarter valued at $144,000. G2 Investment Partners Management LLC raised its holdings in shares of Cognyte Software by 241.5% during the 4th quarter. G2 Investment Partners Management LLC now owns 1,366,163 shares of the medical device company's stock worth $8,784,000 after buying an additional 966,163 shares in the last quarter. Scalar Gauge Management LLC acquired a new position in shares of Cognyte Software during the 4th quarter worth $2,001,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Cognyte Software during the 4th quarter worth $37,000. 72.92% of the stock is owned by institutional investors and hedge funds.
About Cognyte Software (
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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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