Cognyte Software (NASDAQ:CGNT - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at Needham & Company LLC in a note issued to investors on Tuesday,Benzinga reports.
Separately, StockNews.com raised Cognyte Software from a "hold" rating to a "buy" rating in a research report on Friday, April 4th.
Get Our Latest Stock Report on Cognyte Software
Cognyte Software Price Performance
Shares of CGNT stock traded up $0.17 during trading on Tuesday, reaching $9.46. The company's stock had a trading volume of 450,526 shares, compared to its average volume of 283,640. The company has a market capitalization of $681.66 million, a price-to-earnings ratio of -49.79 and a beta of 1.76. Cognyte Software has a 1-year low of $6.21 and a 1-year high of $11.12. The stock's 50-day moving average price is $9.11 and its 200 day moving average price is $8.37.
Cognyte Software (NASDAQ:CGNT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $94.51 million during the quarter, compared to the consensus estimate of $93.15 million. Cognyte Software had a negative net margin of 3.95% and a negative return on equity of 13.30%. During the same quarter in the previous year, the firm posted ($0.23) earnings per share. On average, sell-side analysts anticipate that Cognyte Software will post -0.2 EPS for the current fiscal year.
Institutional Investors Weigh In On Cognyte Software
Hedge funds and other institutional investors have recently modified their holdings of the company. Topline Capital Management LLC purchased a new position in Cognyte Software in the fourth quarter valued at $78,025,000. Value Base Ltd. acquired a new stake in shares of Cognyte Software during the 4th quarter worth about $49,471,000. Marshall Wace LLP raised its position in shares of Cognyte Software by 210.3% during the 4th quarter. Marshall Wace LLP now owns 424,424 shares of the company's stock worth $3,671,000 after acquiring an additional 287,639 shares in the last quarter. Millennium Management LLC lifted its stake in Cognyte Software by 80.8% during the fourth quarter. Millennium Management LLC now owns 456,546 shares of the company's stock worth $3,949,000 after purchasing an additional 204,099 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Cognyte Software in the third quarter valued at approximately $1,101,000. 72.92% of the stock is currently 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.
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
