Cognyte Software (NASDAQ:CGNT) Hits New 12-Month Low – Here’s Why

Cognyte Software Ltd. (NASDAQ:CGNT)’s share price hit a new 52-week low on Wednesday . The company traded as low as $7.13 and last traded at $7.2250, with a volume of 180671 shares changing hands. The stock had previously closed at $7.67.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CGNT shares. Wall Street Zen upgraded shares of Cognyte Software from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cognyte Software in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cognyte Software currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Cognyte Software Price Performance

The stock’s 50-day simple moving average is $9.10 and its two-hundred day simple moving average is $8.73. The firm has a market capitalization of $525.38 million, a P/E ratio of -90.00 and a beta of 1.61.

Cognyte Software (NASDAQ:CGNT) last issued its earnings results on Tuesday, December 9th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.05. The company had revenue of $100.74 million during 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. On average, analysts forecast that Cognyte Software Ltd. will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new stake in Cognyte Software during the 3rd quarter valued at approximately $27,000. Quarry LP bought a new position in shares of Cognyte Software during the third quarter worth $33,000. Osaic Holdings Inc. grew its stake in Cognyte Software by 79.4% during the second quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock valued at $34,000 after acquiring an additional 1,608 shares in the last quarter. Virtus Advisers LLC bought a new stake in Cognyte Software in the 2nd quarter valued at $38,000. Finally, Corton Capital Inc. bought a new position in shares of Cognyte Software during the 2nd quarter valued at about $95,000. 72.92% of the stock is currently owned by institutional investors.

About Cognyte Software

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.