Cognyte Software (NASDAQ:CGNT) Shares Gap Up – What’s Next?

Cognyte Software Ltd. (NASDAQ:CGNT) gapped up before the market opened on Tuesday . The stock had previously closed at $7.51, but opened at $7.78. Cognyte Software shares last traded at $7.5650, with a volume of 72,891 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on CGNT. Lake Street Capital assumed coverage on Cognyte Software in a report on Monday. They set a “buy” rating and a $13.00 price objective on the stock. Wall Street Zen raised Cognyte Software from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cognyte Software in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cognyte Software presently has a consensus rating of “Hold” and an average price target of $13.50.

Cognyte Software Stock Up 3.0%

The firm has a 50-day moving average price of $8.42 and a two-hundred day moving average price of $8.53. The company has a market capitalization of $564.42 million, a P/E ratio of -96.74 and a beta of 1.64.

Cognyte Software (NASDAQ:CGNT) last released its 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. The firm had revenue of $100.74 million during the quarter, compared to analysts’ expectations of $99.58 million. Cognyte Software had a negative net margin of 1.45% and a negative return on equity of 2.24%. Cognyte Software has set its FY 2026 guidance at 0.240-0.240 EPS. On average, analysts predict that Cognyte Software Ltd. will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Cognyte Software

A number of institutional investors have recently added to or reduced their stakes in CGNT. Osaic Holdings Inc. raised its holdings in Cognyte Software by 79.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock valued at $34,000 after acquiring an additional 1,608 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Cognyte Software by 1.9% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 94,944 shares of the company’s stock valued at $798,000 after purchasing an additional 1,738 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Cognyte Software by 16.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,398 shares of the company’s stock valued at $113,000 after purchasing an additional 1,849 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Cognyte Software by 2.6% in the fourth quarter. Vident Advisory LLC now owns 88,648 shares of the company’s stock valued at $833,000 after purchasing an additional 2,225 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Cognyte Software by 2.2% in the second quarter. Sei Investments Co. now owns 140,882 shares of the company’s stock worth $1,302,000 after purchasing an additional 2,988 shares during the period. 72.92% of the stock is owned by institutional investors and hedge funds.

Cognyte Software Company Profile

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.