Cognyte Software (NASDAQ:CGNT) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Cognyte Software Ltd. (NASDAQ:CGNT)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $8.82 and traded as low as $8.06. Cognyte Software shares last traded at $8.09, with a volume of 622,279 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CGNT shares. Zacks Research upgraded shares of Cognyte Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Weiss Ratings raised shares of Cognyte Software from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen raised shares of Cognyte Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $13.00.

Cognyte Software Price Performance

The business has a fifty day moving average of $8.77 and a 200 day moving average of $8.81. The firm has a market cap of $597.85 million, a P/E ratio of 302.67 and a beta of 1.63.

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

Institutional Investors Weigh In On Cognyte Software

Several large investors have recently bought and sold shares of CGNT. American Capital Management Inc. acquired a new stake in Cognyte Software in the second quarter worth $54,292,000. Public Employees Retirement System of Ohio bought a new stake in shares of Cognyte Software in the 2nd quarter valued at $2,182,000. Bastion Asset Management Inc. bought a new stake in shares of Cognyte Software in the 1st quarter valued at $1,615,000. Bank of America Corp DE increased its position in shares of Cognyte Software by 37.7% in the 1st quarter. Bank of America Corp DE now owns 296,769 shares of the company’s stock valued at $2,404,000 after buying an additional 81,254 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Cognyte Software during the 1st quarter worth $657,000. Institutional investors own 72.92% of the company’s stock.

About Cognyte Software

Cognyte Software Ltd. is a provider of investigative analytics and intelligence software for government agencies, law enforcement organizations and other security-focused customers. Its solutions are designed to help users collect, process and analyze large volumes of information to support national security, public safety, cyber investigations and financial crime investigations.

The company’s offerings include communications intelligence, cyber threat intelligence, open-source intelligence and financial intelligence capabilities.