Cognyte Software (NASDAQ:CGNT - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.
Separately, Needham & Company LLC restated a "hold" rating on shares of Cognyte Software in a research note on Tuesday, April 8th.
Read Our Latest Research Report on Cognyte Software
Cognyte Software Stock Performance
Shares of NASDAQ CGNT traded down $0.15 during trading on Friday, hitting $9.56. 30,113 shares of the company traded hands, compared to its average volume of 282,661. The firm has a market capitalization of $688.50 million, a price-to-earnings ratio of -50.39 and a beta of 1.76. The business's fifty day moving average is $9.04 and its 200 day moving average is $8.42. Cognyte Software has a fifty-two week low of $6.21 and a fifty-two week high of $11.12.
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, topping 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 business had revenue of $94.51 million for the quarter, compared to analyst estimates of $93.15 million. During the same quarter in the prior year, the company earned ($0.23) earnings per share. On average, analysts predict that Cognyte Software will post -0.2 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Barclays PLC lifted its stake in Cognyte Software by 70.0% during the 4th quarter. Barclays PLC now owns 2,943 shares of the company's stock valued at $25,000 after acquiring an additional 1,212 shares in the last quarter. R Squared Ltd bought a new position in shares of Cognyte Software during the fourth quarter valued at about $26,000. Russell Investments Group Ltd. boosted its holdings in Cognyte Software by 1,695.7% during the fourth quarter. Russell Investments Group Ltd. now owns 4,130 shares of the company's stock worth $36,000 after purchasing an additional 3,900 shares during the last quarter. Quantbot Technologies LP purchased a new position in Cognyte Software during the fourth quarter worth about $71,000. Finally, Jane Street Group LLC purchased a new stake in Cognyte Software in the 4th quarter valued at about $112,000. Institutional investors own 72.92% of the company's stock.
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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