Cognyte Software Ltd. (NASDAQ:CGNT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.01 and traded as high as $9.18. Cognyte Software shares last traded at $9.00, with a volume of 253,849 shares traded.
Analyst Ratings Changes
CGNT has been the topic of a number of analyst reports. Needham & Company LLC restated a "hold" rating on shares of Cognyte Software in a report on Thursday, December 12th. StockNews.com cut shares of Cognyte Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th.
View Our Latest Report on CGNT
Cognyte Software Stock Performance
The firm has a market cap of $642.01 million, a price-to-earnings ratio of -47.00 and a beta of 1.77. The business has a fifty day moving average of $9.40 and a two-hundred day moving average of $8.03.
Cognyte Software declared that its board has initiated a stock repurchase program on Tuesday, November 12th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to reacquire up to 3.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.
Institutional Investors Weigh In On Cognyte Software
A number of large investors have recently added to or reduced their stakes in CGNT. Topline Capital Management LLC acquired a new position in Cognyte Software during the fourth quarter worth about $78,025,000. American Capital Management Inc. increased its stake in shares of Cognyte Software by 8.5% during the 3rd quarter. American Capital Management Inc. now owns 6,402,813 shares of the company's stock worth $43,475,000 after purchasing an additional 502,781 shares in the last quarter. Edenbrook Capital LLC raised its position in shares of Cognyte Software by 3.4% during the 3rd quarter. Edenbrook Capital LLC now owns 6,283,226 shares of the company's stock worth $42,663,000 after purchasing an additional 207,675 shares during the last quarter. Value Base Ltd. acquired a new position in shares of Cognyte Software during the 4th quarter worth approximately $49,471,000. Finally, William Blair Investment Management LLC lifted its stake in Cognyte Software by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,742,843 shares of the company's stock valued at $23,726,000 after buying an additional 67,024 shares in the last quarter. 72.92% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
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
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
