Cognyte Software (NASDAQ:CGNT) Shares Gap Down – Here’s What Happened

Cognyte Software Ltd. (NASDAQ:CGNT)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $9.53, but opened at $8.83. Cognyte Software shares last traded at $8.34, with a volume of 465,989 shares traded.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Cognyte Software in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Cognyte Software Trading Down 12.3%

The company has a market cap of $602.40 million, a PE ratio of -75.86 and a beta of 1.65. The firm’s 50-day simple moving average is $8.98 and its two-hundred day simple moving average is $9.27.

Cognyte Software (NASDAQ:CGNT) last released its earnings results on Tuesday, September 9th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. Cognyte Software had a negative net margin of 2.18% and a negative return on equity of 3.53%. Cognyte Software has set its FY 2026 guidance at 0.230-0.230 EPS. As a group, analysts predict that Cognyte Software Ltd. will post -0.2 EPS for the current year.

Institutional Trading of Cognyte Software

Large investors have recently made changes to their positions in the business. Barclays PLC boosted its holdings in shares of Cognyte Software by 70.0% in the 4th quarter. Barclays PLC now owns 2,943 shares of the company’s stock valued at $25,000 after acquiring an additional 1,212 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of 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 during the last quarter. Signaturefd LLC boosted its holdings in shares of Cognyte Software by 119.2% in the 1st quarter. Signaturefd LLC now owns 3,968 shares of the company’s stock valued at $31,000 after acquiring an additional 2,158 shares during the last quarter. Virtus Advisers LLC purchased a new stake in shares of Cognyte Software in the 2nd quarter valued at $38,000. Finally, Corton Capital Inc. purchased a new stake in shares of Cognyte Software in the 2nd quarter valued at $95,000. 72.92% of the stock is owned by hedge funds and other institutional investors.

Cognyte Software Company Profile

Cognyte Software Ltd. provides an investigative analytics software to governments and enterprises worldwide. Its Actionable Intelligence for a Safer World, an open software designed to help governments and enterprises accelerate and enhance the effectiveness of investigations. The company offers network intelligence analytics, threat intelligence analytics, decision intelligence analytics, and operational intelligence analytics solutions.