Cognyte Software (NASDAQ:CGNT) Stock Price Up 3.3% – What’s Next?

Cognyte Software Ltd. (NASDAQ:CGNT) traded up 3.3% during mid-day trading on Wednesday . The company traded as high as $8.97 and last traded at $8.9150. 223,943 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 580,685 shares. The stock had previously closed at $8.63.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CGNT shares. Wall Street Zen upgraded shares of Cognyte Software from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Zacks Research raised shares of Cognyte Software from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Finally, Weiss Ratings upgraded shares of Cognyte Software from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $13.50.

Cognyte Software Stock Up 0.9%

The firm has a 50 day moving average price of $8.71 and a 200 day moving average price of $9.00. The stock has a market cap of $643.30 million, a PE ratio of 284.33 and a beta of 1.67.

Cognyte Software (NASDAQ:CGNT) last announced 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. Cognyte Software had a negative net margin of 0.01% and a positive return on equity of 1.31%. The firm had revenue of $109.24 million during the quarter, compared to analysts’ expectations of $108.51 million. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. Equities analysts forecast that Cognyte Software Ltd. will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Cognyte Software

Institutional investors have recently added to or reduced their stakes in the stock. Silverberg Bernstein Capital Management LLC increased its position in shares of Cognyte Software by 0.9% in the first 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 in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Cognyte Software by 1,478.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,268 shares of the company’s stock worth $31,000 after acquiring an additional 3,061 shares in the last quarter. NewEdge Advisors LLC raised its position 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 acquiring an additional 5,034 shares during the period. Global Retirement Partners LLC acquired a new position in Cognyte Software during the fourth quarter worth $113,000. Finally, Entropy Technologies LP purchased a new position in Cognyte Software during the first quarter valued at $107,000. Institutional investors own 72.92% of the company’s stock.

Cognyte Software Company Profile

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.