Cognyte Software (NASDAQ:CGNT) Rating Increased to Strong-Buy at Lake Street Capital

Cognyte Software (NASDAQ:CGNT) was upgraded by stock analysts at Lake Street Capital to a “strong-buy” rating in a note issued to investors on Monday, Marketbeat.com reports.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen upgraded Cognyte Software from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cognyte Software in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cognyte Software presently has an average rating of “Hold” and an average target price of $13.50.

Cognyte Software Trading Up 4.1%

CGNT stock opened at $7.82 on Monday. The business’s 50 day simple moving average is $8.39 and its 200 day simple moving average is $8.52. Cognyte Software has a 1-year low of $6.29 and a 1-year high of $11.65. The firm has a market capitalization of $570.63 million, a PE ratio of -97.75 and a beta of 1.64.

Cognyte Software (NASDAQ:CGNT) last released its quarterly earnings data on Tuesday, December 9th. The company reported $0.03 EPS 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 the consensus estimate of $99.58 million. Cognyte Software had a negative net margin of 1.45% and a negative return on equity of 2.24%. Cognyte Software has set its FY 2026 guidance at 0.240-0.240 EPS. As a group, sell-side analysts predict that Cognyte Software will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CGNT. State of Alaska Department of Revenue acquired a new stake in shares of Cognyte Software in the third quarter valued at approximately $27,000. 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 acquiring an additional 1,608 shares during the period. Quarry LP acquired a new position in Cognyte Software in the 3rd quarter valued at $33,000. Virtus Advisers LLC bought a new stake in shares of Cognyte Software during the 2nd quarter valued at $38,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Cognyte Software during the 4th quarter worth $95,000. 72.92% of the stock is owned by institutional investors.

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.