Cognyte Software (NASDAQ:CGNT) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Cognyte Software Ltd. (NASDAQ:CGNT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.82 and traded as high as $9.43. Cognyte Software shares last traded at $9.13, with a volume of 300,348 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut Cognyte Software from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research raised Cognyte Software from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cognyte Software has a consensus rating of “Hold” and an average price target of $13.50.

Cognyte Software Stock Down 2.6%

The business’s 50 day moving average is $8.80 and its two-hundred day moving average is $8.82. The firm has a market cap of $673.97 million, a P/E ratio of -228.00 and a beta of 1.67.

Cognyte Software (NASDAQ:CGNT) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.03 EPS 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 firm had revenue of $105.49 million for the quarter, compared to the consensus estimate of $105.04 million. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. Equities research analysts anticipate that Cognyte Software Ltd. will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Cognyte Software

Large investors have recently added to or reduced their stakes in the business. Silverberg Bernstein Capital Management LLC increased its holdings in Cognyte Software by 0.9% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 163,997 shares of the company’s stock worth $1,328,000 after purchasing an additional 1,497 shares in the last quarter. Osaic Holdings Inc. boosted 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 worth $34,000 after buying an additional 1,608 shares in the last quarter. Vident Advisory LLC boosted its holdings in shares of Cognyte Software by 2.6% during the 4th quarter. Vident Advisory LLC now owns 88,648 shares of the company’s stock worth $833,000 after buying an additional 2,225 shares in the last quarter. Sei Investments Co. grew its position in shares of Cognyte Software by 2.2% during the 2nd quarter. Sei Investments Co. now owns 140,882 shares of the company’s stock worth $1,302,000 after buying an additional 2,988 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of Cognyte Software by 1,478.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,268 shares of the company’s stock worth $31,000 after buying an additional 3,061 shares during the period. 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.