Cognyte Software (NASDAQ:CGNT) Receives “Hold” Rating from Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Cognyte Software (NASDAQ:CGNTFree Report) in a research report released on Monday,Benzinga reports.

Separately, Wall Street Zen raised shares of Cognyte Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 12th.

Check Out Our Latest Research Report on CGNT

Cognyte Software Stock Up 2.2%

NASDAQ CGNT opened at $9.32 on Monday. Cognyte Software has a 12-month low of $6.21 and a 12-month high of $11.65. The firm’s 50 day moving average is $9.66 and its 200-day moving average is $9.46. The company has a market capitalization of $671.60 million, a PE ratio of -84.73 and a beta of 1.65.

Cognyte Software (NASDAQ:CGNTGet Free Report) last released its earnings results on Wednesday, June 11th. The company reported $0.07 earnings per share for the quarter. Cognyte Software had a negative net margin of 2.18% and a negative return on equity of 3.53%. The business had revenue of $95.55 million during the quarter, compared to analysts’ expectations of $93.96 million. As a group, sell-side analysts expect that Cognyte Software will post -0.2 EPS for the current year.

Hedge Funds Weigh In On Cognyte Software

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its position in Cognyte Software by 70.0% during the fourth quarter. Barclays PLC now owns 2,943 shares of the company’s stock worth $25,000 after purchasing an additional 1,212 shares during the period. Geode Capital Management LLC boosted its position in Cognyte Software by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 99,980 shares of the company’s stock worth $865,000 after purchasing an additional 1,440 shares during the period. Algert Global LLC boosted its position in Cognyte Software by 5.0% during the first quarter. Algert Global LLC now owns 32,388 shares of the company’s stock worth $253,000 after purchasing an additional 1,530 shares during the period. Signaturefd LLC boosted its position in Cognyte Software by 119.2% during the first quarter. Signaturefd LLC now owns 3,968 shares of the company’s stock worth $31,000 after purchasing an additional 2,158 shares during the period. Finally, Jump Financial LLC boosted its position in Cognyte Software by 5.7% during the first quarter. Jump Financial LLC now owns 43,141 shares of the company’s stock worth $336,000 after purchasing an additional 2,341 shares during the period. 72.92% of the stock is owned by institutional investors.

About Cognyte Software

(Get Free Report)

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.

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