SG Americas Securities LLC Purchases 196,427 Shares of Cognyte Software Ltd. $CGNT

SG Americas Securities LLC increased its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 97.3% during the 1st quarter, Holdings Channel reports. The firm owned 398,246 shares of the company’s stock after purchasing an additional 196,427 shares during the quarter. SG Americas Securities LLC’s holdings in Cognyte Software were worth $3,226,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CGNT. Silverberg Bernstein Capital Management LLC increased its stake in Cognyte Software by 0.9% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 163,997 shares of the company’s stock valued at $1,328,000 after buying an additional 1,497 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Cognyte Software by 79.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock worth $34,000 after buying an additional 1,608 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of Cognyte Software by 2.6% in the fourth quarter. Vident Advisory LLC now owns 88,648 shares of the company’s stock valued at $833,000 after acquiring an additional 2,225 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Cognyte Software by 2.2% in the second quarter. Sei Investments Co. now owns 140,882 shares of the company’s stock valued at $1,302,000 after acquiring an additional 2,988 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of 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 valued at $31,000 after acquiring an additional 3,061 shares during the last quarter. 72.92% of the stock is owned by institutional investors.

Cognyte Software Stock Up 5.0%

CGNT opened at $8.78 on Wednesday. Cognyte Software Ltd. has a twelve month low of $6.29 and a twelve month high of $12.31. The company’s 50-day moving average price is $9.59 and its two-hundred day moving average price is $8.92. The stock has a market cap of $641.64 million, a price-to-earnings ratio of -219.50 and a beta of 1.64.

Cognyte Software (NASDAQ:CGNT) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). The company had revenue of $105.49 million for the quarter, compared to analysts’ expectations of $105.04 million. Cognyte Software had a negative return on equity of 0.45% and a negative net margin of 0.66%.Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. As a group, sell-side analysts anticipate that Cognyte Software Ltd. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on CGNT shares. Wall Street Zen lowered Cognyte Software from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Zacks Research lowered Cognyte Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.50.

Cognyte Software Company Profile

Cognyte Software Ltd. is a global provider of security analytics solutions that was spun off from NICE Ltd. in early 2021. Headquartered in Israel, the company delivers specialized software and services designed to help government agencies, law enforcement organizations and critical infrastructure operators process and analyze large volumes of data for intelligence and investigative purposes.

The company’s core offerings include advanced analytics platforms that aggregate and visualize structured and unstructured data from diverse sources, such as communications metadata, open-source intelligence and sensor feeds.