Yelin Lapidot Holdings Management Ltd. raised its holdings in shares of Cognyte Software Ltd. (NASDAQ:CGNT – Free Report) by 278.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,979 shares of the company’s stock after acquiring an additional 74,289 shares during the quarter. Yelin Lapidot Holdings Management Ltd.’s holdings in Cognyte Software were worth $818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the stock. Topline Capital Management LLC raised 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 valued at $60,443,000 after purchasing an additional 168,329 shares during the period. CM Management LLC boosted its stake in Cognyte Software by 60.0% in the 3rd quarter. CM Management LLC now owns 160,000 shares of the company’s stock worth $1,344,000 after purchasing an additional 60,000 shares during the period. ARK Investment Management LLC grew its holdings in Cognyte Software by 21.7% during the 3rd quarter. ARK Investment Management LLC now owns 210,050 shares of the company’s stock valued at $1,764,000 after buying an additional 37,393 shares in the last quarter. R Squared Ltd grew its holdings in Cognyte Software by 183.2% during the 3rd quarter. R Squared Ltd now owns 33,625 shares of the company’s stock valued at $282,000 after buying an additional 21,750 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Cognyte Software by 1,478.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,268 shares of the company’s stock valued at $31,000 after buying an additional 3,061 shares during the period. 72.92% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on CGNT. Wall Street Zen downgraded shares of Cognyte Software from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Zacks Research lowered shares of Cognyte Software from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 24th. Finally, Lake Street Capital assumed coverage on shares of Cognyte Software in a research note on Monday, March 2nd. They issued a “buy” rating and a $13.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cognyte Software currently has a consensus rating of “Hold” and an average price target of $13.50.
Cognyte Software Stock Performance
Shares of NASDAQ CGNT opened at $8.33 on Monday. The business has a 50-day moving average of $9.64 and a 200-day moving average of $8.93. The firm has a market capitalization of $608.76 million, a price-to-earnings ratio of -208.25 and a beta of 1.64. Cognyte Software Ltd. has a 12 month low of $6.29 and a 12 month high of $12.31.
Cognyte Software (NASDAQ:CGNT – Get Free Report) last announced its earnings results on Wednesday, June 3rd. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Cognyte Software had a negative net margin of 0.66% and a negative return on equity of 0.45%. The company had revenue of $105.49 million during the quarter, compared to analysts’ expectations of $105.04 million. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. On average, analysts predict that Cognyte Software Ltd. will post 0.08 earnings per share for the current 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.
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