Cognyte Software (NASDAQ:CGNT) Raised to “Strong-Buy” at Lake Street Capital

Cognyte Software (NASDAQ:CGNT) was upgraded by analysts at Lake Street Capital to a “strong-buy” rating in a research note issued on Monday, MarketBeat Ratings reports.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Cognyte Software in a research note on Wednesday, January 21st. Wall Street Zen upgraded Cognyte Software from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cognyte Software has an average rating of “Hold” and a consensus price target of $13.50.

Cognyte Software Price Performance

Shares of CGNT opened at $7.82 on Monday. The business has a 50-day moving average of $8.39 and a 200-day moving average of $8.52. The company has a market capitalization of $570.63 million, a price-to-earnings ratio of -97.75 and a beta of 1.64. Cognyte Software has a 1 year low of $6.29 and a 1 year high of $11.65.

Cognyte Software (NASDAQ:CGNT) last announced 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. Cognyte Software had a negative return on equity of 2.24% and a negative net margin of 1.45%.The business had revenue of $100.74 million for the quarter, compared to analysts’ expectations of $99.58 million. Cognyte Software has set its FY 2026 guidance at 0.240-0.240 EPS. As a group, sell-side analysts anticipate that Cognyte Software will post -0.2 EPS for the current year.

Institutional Investors Weigh In On Cognyte Software

Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in shares of Cognyte Software during the third quarter valued at about $27,000. Quarry LP acquired a new stake in shares of Cognyte Software in the 3rd quarter valued at about $33,000. Osaic Holdings Inc. increased its position 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 buying an additional 1,608 shares in the last quarter. Virtus Advisers LLC acquired a new position in Cognyte Software during the 2nd quarter worth approximately $38,000. Finally, Corton Capital Inc. bought a new position in Cognyte Software in the second quarter worth approximately $95,000. 72.92% of the stock is currently 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.