Weiss Ratings Reiterates Sell (D-) Rating for Cognyte Software (NASDAQ:CGNT)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Cognyte Software (NASDAQ:CGNT), indicating ongoing concerns about the company's performance.
• The stock has an average price target of $14.00, with ratings varying among analysts—one Buy, two Hold, and one Sell.
• Cognyte Software's shares traded at $8.53, with a market capitalization of $622.43 million and institutional investors owning 72.92% of the company.

Cognyte Software (NASDAQ:CGNT - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

CGNT has been the topic of several other reports. Zacks Research upgraded shares of Cognyte Software to a "hold" rating in a research note on Monday. Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a research note on Monday, July 28th. Finally, Roth Capital began coverage on shares of Cognyte Software in a research note on Friday, October 3rd. They issued a "buy" rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cognyte Software presently has an average rating of "Hold" and an average price target of $14.00.

Cognyte Software Price Performance

Shares of Cognyte Software stock traded up $0.08 on Wednesday, reaching $8.53. 289,418 shares of the company traded hands, compared to its average volume of 266,139. Cognyte Software has a 52 week low of $6.38 and a 52 week high of $11.65. The company has a 50 day moving average of $8.67 and a 200 day moving average of $9.24. The firm has a market capitalization of $622.43 million, a PE ratio of -142.14 and a beta of 1.63.

Institutional Investors Weigh In On Cognyte Software

A number of large investors have recently added to or reduced their stakes in CGNT. 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. Osaic Holdings Inc. increased its stake in shares of Cognyte Software by 79.4% during the second quarter. Osaic Holdings Inc. now owns 3,634 shares of the company's stock valued at $34,000 after purchasing an additional 1,608 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of Cognyte Software during the second quarter valued at approximately $38,000. Corton Capital Inc. bought a new position in shares of Cognyte Software during the second quarter valued at approximately $95,000. Finally, Magnetar Financial LLC bought a new position in shares of Cognyte Software during the first quarter valued at approximately $106,000. Institutional investors own 72.92% of the company's stock.

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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