StockNews.com upgraded shares of Cognyte Software (NASDAQ:CGNT - Free Report) from a hold rating to a buy rating in a report released on Friday morning.
Separately, Needham & Company LLC reissued a "hold" rating on shares of Cognyte Software in a report on Wednesday, April 2nd.
Check Out Our Latest Stock Analysis on Cognyte Software
Cognyte Software Trading Up 6.2 %
CGNT traded up $0.54 on Friday, hitting $9.29. 105,164 shares of the company were exchanged, compared to its average volume of 292,718. The firm has a 50-day moving average price of $9.12 and a two-hundred day moving average price of $8.30. Cognyte Software has a twelve month low of $6.21 and a twelve month high of $11.12. The company has a market cap of $669.63 million, a price-to-earnings ratio of -48.75 and a beta of 1.76.
Cognyte Software (NASDAQ:CGNT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. Cognyte Software had a negative return on equity of 13.30% and a negative net margin of 3.95%. The business had revenue of $94.51 million during the quarter, compared to the consensus estimate of $93.15 million. During the same period in the previous year, the company posted ($0.23) earnings per share. Equities analysts expect that Cognyte Software will post -0.2 EPS for the current year.
Institutional Trading of Cognyte Software
Several institutional investors have recently modified their holdings of CGNT. Barclays PLC raised its stake in 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 acquiring an additional 1,212 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Cognyte Software in the 4th quarter valued at about $26,000. Russell Investments Group Ltd. grew its stake in 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 buying an additional 3,900 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Cognyte Software in the fourth quarter valued at approximately $71,000. Finally, Jane Street Group LLC purchased a new stake in Cognyte Software in the fourth quarter valued at approximately $112,000. Hedge funds and other institutional investors own 72.92% of the company's stock.
About Cognyte Software
(
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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.
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