Cognyte Software (NASDAQ:CGNT) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Cognyte Software Ltd. (NASDAQ:CGNT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.79 and traded as high as $9.62. Cognyte Software shares last traded at $9.56, with a volume of 207,126 shares.

Wall Street Analyst Weigh In

CGNT has been the subject of several research reports. Wall Street Zen raised shares of Cognyte Software from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Roth Capital assumed 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 for the company. Zacks Research raised Cognyte Software to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cognyte Software in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Cognyte Software Price Performance

The business’s 50 day simple moving average is $8.93 and its 200 day simple moving average is $8.80.

Cognyte Software (NASDAQ:CGNT) last issued its earnings results on Tuesday, December 9th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. Cognyte Software had a negative net margin of 1.45% and a negative return on equity of 2.24%. The company had revenue of $100.74 million for the quarter, compared to analysts’ expectations of $99.58 million. Cognyte Software has set its FY 2026 guidance at 0.240-0.240 EPS. Equities research analysts expect that Cognyte Software Ltd. will post -0.2 EPS for the current year.

Institutional Investors Weigh In On Cognyte Software

Several hedge funds have recently added to or reduced their stakes in CGNT. State of Alaska Department of Revenue acquired a new position in shares of Cognyte Software in the third quarter valued at $27,000. Osaic Holdings Inc. boosted its holdings in shares of Cognyte Software by 79.4% during 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 period. Quarry LP bought a new stake in shares of Cognyte Software during the 3rd quarter worth about $33,000. Virtus Advisers LLC acquired a new position in Cognyte Software in the 2nd quarter valued at about $38,000. Finally, Corton Capital Inc. bought a new position in Cognyte Software in the 2nd quarter valued at about $95,000. Institutional investors and hedge funds own 72.92% of the company’s stock.

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.