Cognyte Software Ltd. (NASDAQ:CGNT – Get Free Report) has received an average recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $13.50.
Several research firms recently commented on CGNT. Wall Street Zen downgraded shares of Cognyte Software from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research downgraded shares of Cognyte Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 24th.
Check Out Our Latest Report on CGNT
Cognyte Software Stock Performance
Cognyte Software (NASDAQ:CGNT – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). The business had revenue of $105.49 million for the quarter, compared to analyst estimates of $105.04 million. Cognyte Software had a negative return on equity of 0.45% and a negative net margin of 0.66%.Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. On average, equities research analysts predict that Cognyte Software will post 0.08 earnings per share for the current year.
Institutional Trading of Cognyte Software
Institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its position in Cognyte Software by 1,478.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,268 shares of the company’s stock worth $31,000 after purchasing an additional 3,061 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Cognyte Software by 79.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock valued at $34,000 after buying an additional 1,608 shares during the last quarter. Quarry LP bought a new stake in shares of Cognyte Software in the 3rd quarter valued at approximately $33,000. FourThought Financial Partners LLC acquired a new position in Cognyte Software in the fourth quarter worth approximately $95,000. Finally, NewEdge Advisors LLC acquired a new position in Cognyte Software in the first quarter worth approximately $94,000. Institutional investors and hedge funds own 72.92% of the company’s stock.
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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