Cognyte Software (NASDAQ:CGNT) Stock Rating Upgraded by Wall Street Zen

Cognyte Software (NASDAQ:CGNT) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday, Wall Street Zen reports.

Other analysts have also recently issued research reports about the company. Zacks Research raised Cognyte Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Weiss Ratings raised Cognyte Software from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $13.00.

Cognyte Software Price Performance

Shares of CGNT opened at $8.81 on Friday. The company has a market cap of $651.06 million, a price-to-earnings ratio of 293.83 and a beta of 1.59. Cognyte Software has a twelve month low of $6.29 and a twelve month high of $12.31. The company has a 50 day moving average of $8.71 and a two-hundred day moving average of $9.03.

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

Institutional Trading of Cognyte Software

A number of institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC increased its stake in Cognyte Software by 137.3% during the 2nd quarter. Tidal Investments LLC now owns 119,440 shares of the company’s stock valued at $1,049,000 after purchasing an additional 69,103 shares in the last quarter. Engineers Gate Manager LP raised its holdings in shares of Cognyte Software by 26.4% in the second quarter. Engineers Gate Manager LP now owns 94,490 shares of the company’s stock worth $830,000 after buying an additional 19,718 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Cognyte Software by 43.5% in the second quarter. NewEdge Advisors LLC now owns 16,594 shares of the company’s stock worth $146,000 after buying an additional 5,034 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Cognyte Software during the second quarter worth $2,182,000. Finally, American Capital Management Inc. acquired a new stake in shares of Cognyte Software during the second quarter worth $54,292,000. 72.92% of the stock is currently owned by institutional investors and hedge funds.

Cognyte Software Company Profile

Cognyte Software Ltd. (NASDAQ: CGNT) develops software and analytics solutions that help government agencies, law enforcement organizations and other customers investigate threats, detect criminal activity and derive insights from large volumes of data. Its technologies are designed to support intelligence gathering, public safety and operational decision-making.

The company’s offerings include digital and network intelligence, investigative analytics, video and audio analytics, and related data-management tools.