Cognyte Software (NASDAQ:CGNT) Upgraded at StockNews.com

StockNews.com upgraded shares of Cognyte Software (NASDAQ:CGNT) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Cognyte Software in a research report on Tuesday, April 8th.

Cognyte Software Price Performance

Shares of CGNT stock opened at $9.64 on Friday. Cognyte Software has a 1-year low of $6.21 and a 1-year high of $11.12. The business’s fifty day moving average price is $9.08 and its 200 day moving average price is $8.40. The firm has a market capitalization of $694.63 million, a PE ratio of -50.74 and a beta of 1.76.

Cognyte Software (NASDAQ:CGNT) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Cognyte Software had a negative net margin of 3.95% and a negative return on equity of 13.30%. The business had revenue of $94.51 million during the quarter, compared to the consensus estimate of $93.15 million. During the same quarter last year, the firm posted ($0.23) EPS. Equities research analysts expect that Cognyte Software will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of Cognyte Software

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC lifted its stake in Cognyte Software by 70.0% in the 4th quarter. Barclays PLC now owns 2,943 shares of the company’s stock valued at $25,000 after buying an additional 1,212 shares in the last quarter. Geode Capital Management LLC increased its position in Cognyte Software by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 99,980 shares of the company’s stock worth $865,000 after purchasing an additional 1,440 shares in the last quarter. Tidal Investments LLC raised its stake in Cognyte Software by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 59,902 shares of the company’s stock valued at $407,000 after purchasing an additional 2,648 shares during the last quarter. R Squared Ltd purchased a new position in Cognyte Software in the 4th quarter valued at about $26,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Cognyte Software by 1,695.7% during the 4th 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. Hedge funds and other 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.