Cognyte Software (NASDAQ:CGNT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cognyte Software (NASDAQ:CGNT) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Zacks Research upgraded shares of Cognyte Software from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.50.

Cognyte Software Trading Up 3.9%

NASDAQ:CGNT opened at $8.33 on Friday. Cognyte Software has a 12-month low of $6.29 and a 12-month high of $12.31. The firm has a market cap of $615.59 million, a PE ratio of 267.33 and a beta of 1.67. The stock has a fifty day moving average price of $8.77 and a 200 day moving average price of $8.95.

Cognyte Software (NASDAQ:CGNT) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. The company had revenue of $109.24 million for the quarter, compared to the consensus estimate of $108.51 million. Cognyte Software had a positive return on equity of 1.31% and a negative net margin of 0.01%.Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. Equities analysts forecast that Cognyte Software will post 0.14 EPS for the current year.

Institutional Trading of Cognyte Software

Hedge funds and other institutional investors have recently bought and sold shares of the business. Silverberg Bernstein Capital Management LLC boosted its position in shares of Cognyte Software by 0.9% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 163,997 shares of the company’s stock worth $1,328,000 after acquiring an additional 1,497 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Cognyte Software by 1,478.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,268 shares of the company’s stock worth $31,000 after purchasing an additional 3,061 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Cognyte Software by 43.5% during the second quarter. NewEdge Advisors LLC now owns 16,594 shares of the company’s stock worth $146,000 after purchasing an additional 5,034 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in Cognyte Software in the fourth quarter valued at approximately $95,000. Finally, Global Retirement Partners LLC acquired a new position in Cognyte Software in the fourth quarter valued at approximately $113,000. 72.92% of the stock is currently owned by institutional investors and hedge funds.

About Cognyte Software

Cognyte Software Ltd. (NASDAQ: CGNT) develops software and technology solutions that help governments and other organizations transform large volumes of data into actionable intelligence. Its platforms are designed to support investigative, security and intelligence operations by enabling users to collect, analyze, visualize and manage information from multiple sources.

The company’s product portfolio includes solutions for digital intelligence, investigative analytics, network intelligence and cyber-related investigations.