Cognyte Software (NASDAQ:CGNT) Sets New 52-Week Low – Time to Sell?

Cognyte Software Ltd. (NASDAQ:CGNT) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.56 and last traded at $7.54, with a volume of 50288 shares traded. The stock had previously closed at $7.89.

Analysts Set New Price Targets

CGNT has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cognyte Software in a research note on Wednesday, January 21st. Wall Street Zen upgraded Cognyte Software from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cognyte Software has a consensus rating of “Hold” and an average price target of $14.00.

Cognyte Software Trading Down 5.0%

The stock has a market cap of $546.90 million, a P/E ratio of -93.69 and a beta of 1.61. The firm’s fifty day moving average is $9.17 and its 200 day moving average is $8.79.

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

Institutional Investors Weigh In On Cognyte Software

Several hedge funds have recently made changes to their positions in the stock. Yelin Lapidot Holdings Management Ltd. acquired a new stake in Cognyte Software during the fourth quarter worth about $251,000. R Squared Ltd grew its holdings in shares of Cognyte Software by 44.0% during the 4th quarter. R Squared Ltd now owns 48,409 shares of the company’s stock worth $455,000 after purchasing an additional 14,784 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its position in shares of Cognyte Software by 2.2% during the fourth quarter. Silverberg Bernstein Capital Management LLC now owns 162,500 shares of the company’s stock valued at $1,528,000 after purchasing an additional 3,500 shares during the period. SG Americas Securities LLC raised its stake in shares of Cognyte Software by 4.9% in the fourth quarter. SG Americas Securities LLC now owns 201,819 shares of the company’s stock valued at $1,897,000 after purchasing an additional 9,459 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC acquired a new position in shares of Cognyte Software in the fourth quarter valued at $238,000. 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.