Cognyte Software Ltd. (NASDAQ:CGNT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Cognyte Software Ltd. (NASDAQ:CGNT) have been given an average recommendation of “Hold” by the five brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $13.50.

A number of brokerages have commented on CGNT. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cognyte Software in a report on Wednesday, January 21st. Wall Street Zen raised Cognyte Software from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Lake Street Capital began coverage on Cognyte Software in a research report on Monday, March 2nd. They issued a “buy” rating and a $13.00 price objective on the stock.

Institutional Trading of Cognyte Software

Several hedge funds and other institutional investors have recently bought and sold shares of CGNT. Topline Capital Management LLC lifted its stake in shares of Cognyte Software by 2.4% during the 3rd quarter. Topline Capital Management LLC now owns 7,195,619 shares of the company’s stock worth $60,443,000 after purchasing an additional 168,329 shares during the period. American Capital Management Inc. boosted its holdings in shares of Cognyte Software by 0.6% during the third quarter. American Capital Management Inc. now owns 6,751,962 shares of the company’s stock worth $56,716,000 after purchasing an additional 39,721 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Cognyte Software by 4.9% in the second quarter. Acadian Asset Management LLC now owns 2,784,080 shares of the company’s stock valued at $25,699,000 after purchasing an additional 129,251 shares during the period. Westerly Capital Management LLC increased its stake in Cognyte Software by 5.0% in the fourth quarter. Westerly Capital Management LLC now owns 1,155,000 shares of the company’s stock valued at $10,857,000 after purchasing an additional 55,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Cognyte Software by 19.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,083,646 shares of the company’s stock valued at $10,013,000 after purchasing an additional 175,569 shares during the last quarter. 72.92% of the stock is owned by hedge funds and other institutional investors.

Cognyte Software Trading Up 3.7%

Shares of CGNT opened at $8.69 on Monday. Cognyte Software has a 12-month low of $6.29 and a 12-month high of $11.65. The stock has a market cap of $634.11 million, a P/E ratio of -108.63 and a beta of 1.64. The company has a 50-day moving average of $8.32 and a two-hundred day moving average of $8.52.

Cognyte Software (NASDAQ:CGNT) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.05. Cognyte Software had a negative net margin of 1.45% and a negative return on equity of 2.24%. The business had revenue of $100.74 million for the quarter, compared to analyst estimates of $99.58 million. Cognyte Software has set its FY 2026 guidance at 0.240-0.240 EPS. As a group, analysts forecast that Cognyte Software will post -0.2 EPS for the current fiscal year.

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.