Cognyte Software Ltd. (NASDAQ:CGNT) Receives Average Recommendation of “Hold” from Analysts

Shares of Cognyte Software Ltd. (NASDAQ:CGNT) have earned a consensus rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $14.00.

A number of brokerages recently issued reports on CGNT. Lake Street Capital assumed coverage on shares of Cognyte Software in a report on Monday. They set a “buy” rating for the company. Wall Street Zen raised shares of Cognyte Software from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cognyte Software in a research report on Wednesday, January 21st.

Cognyte Software Trading Up 3.3%

Shares of NASDAQ:CGNT traded up $0.24 during midday trading on Monday, hitting $7.33. The company had a trading volume of 94,172 shares, compared to its average volume of 395,168. Cognyte Software has a 12 month low of $6.29 and a 12 month high of $11.65. The firm has a fifty day simple moving average of $8.46 and a 200 day simple moving average of $8.54. The stock has a market cap of $534.51 million, a price-to-earnings ratio of -91.49 and a beta of 1.64.

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

Hedge Funds Weigh In On Cognyte Software

Institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. increased its stake in 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 purchasing an additional 1,608 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Cognyte Software by 1.9% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 94,944 shares of the company’s stock valued at $798,000 after buying an additional 1,738 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Cognyte Software by 16.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,398 shares of the company’s stock valued at $113,000 after buying an additional 1,849 shares during the period. Vident Advisory LLC increased its position in shares of Cognyte Software by 2.6% during the fourth quarter. Vident Advisory LLC now owns 88,648 shares of the company’s stock worth $833,000 after acquiring an additional 2,225 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Cognyte Software by 2.2% during the second quarter. Sei Investments Co. now owns 140,882 shares of the company’s stock worth $1,302,000 after acquiring an additional 2,988 shares during the period. Institutional investors own 72.92% of the company’s stock.

About Cognyte Software

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.