Cognyte Software Ltd. (NASDAQ:CGNT - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $8.10, but opened at $8.36. Cognyte Software shares last traded at $8.15, with a volume of 51,140 shares.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on CGNT shares. StockNews.com cut Cognyte Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cognyte Software in a report on Thursday, December 12th.
Read Our Latest Report on CGNT
Cognyte Software Stock Down 1.9 %
The company has a market capitalization of $571.56 million, a PE ratio of -41.84 and a beta of 1.77. The stock has a 50-day moving average of $9.20 and a 200 day moving average of $8.18.
Institutional Trading of Cognyte Software
Several hedge funds have recently added to or reduced their stakes in CGNT. Barclays PLC increased its stake in shares of Cognyte Software by 70.0% during the 4th quarter. Barclays PLC now owns 2,943 shares of the company's stock worth $25,000 after purchasing an additional 1,212 shares during the last quarter. Geode Capital Management LLC increased its position in Cognyte Software by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 99,980 shares of the company's stock worth $865,000 after buying an additional 1,440 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Cognyte Software by 4.6% in the third quarter. Tidal Investments LLC now owns 59,902 shares of the company's stock valued at $407,000 after buying an additional 2,648 shares during the period. R Squared Ltd purchased a new position in shares of Cognyte Software during the 4th quarter valued at $26,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Cognyte Software by 1,695.7% during the 4th quarter. Russell Investments Group Ltd. now owns 4,130 shares of the company's stock worth $36,000 after acquiring an additional 3,900 shares during the period. Institutional investors own 72.92% of the company's stock.
Cognyte Software Company Profile
(
Get Free Report)
Cognyte Software Ltd. provides an investigative analytics software to governments and enterprises worldwide. Its Actionable Intelligence for a Safer World, an open software designed to help governments and enterprises accelerate and enhance the effectiveness of investigations. The company offers network intelligence analytics, threat intelligence analytics, decision intelligence analytics, and operational intelligence analytics solutions.
See Also
Before you consider Cognyte Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cognyte Software wasn't on the list.
While Cognyte Software currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
