Cognyte Software (NASDAQ:CGNT) Raised to Buy at Wall Street Zen

Cognyte Software (NASDAQ:CGNT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Zacks Research raised shares of Cognyte Software from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.

Cognyte Software Stock Performance

CGNT opened at $8.02 on Friday. The company has a market capitalization of $592.68 million, a price-to-earnings ratio of 267.33 and a beta of 1.67. Cognyte Software has a 12-month low of $6.29 and a 12-month high of $12.31. The business’s fifty day simple moving average is $8.79 and its 200-day simple moving average is $8.94.

Cognyte Software (NASDAQ:CGNT) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. Cognyte Software had a positive return on equity of 1.31% and a negative net margin of 0.01%.The firm had revenue of $109.24 million during the quarter, compared to the consensus estimate of $108.51 million. 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 0.14 EPS for the current year.

Hedge Funds Weigh In On Cognyte Software

Large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its position in 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 valued at $31,000 after buying an additional 3,061 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Cognyte Software by 79.4% during the second quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock worth $34,000 after purchasing an additional 1,608 shares during the last quarter. Quarry LP acquired a new position in shares of Cognyte Software in the 3rd quarter valued at about $33,000. FourThought Financial Partners LLC acquired a new position in Cognyte Software in the fourth quarter valued at approximately $95,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Cognyte Software in the 1st quarter valued at $94,000. 72.92% of the stock is owned by institutional investors and hedge funds.

Cognyte Software Company Profile

Cognyte Software Ltd. (NASDAQ: CGNT) develops software and technology solutions that help governments and other organizations transform large volumes of data into actionable intelligence. Its platforms are designed to support investigative, security and intelligence operations by enabling users to collect, analyze, visualize and manage information from multiple sources.

The company’s product portfolio includes solutions for digital intelligence, investigative analytics, network intelligence and cyber-related investigations.