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

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

A number of other analysts also recently commented on the stock. Roth Capital began coverage on shares of Cognyte Software in a research report on Friday, October 3rd. They set a “buy” rating and a $14.00 price target on the stock. Zacks Research upgraded shares of Cognyte Software to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cognyte Software in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.00.

Cognyte Software Stock Performance

Shares of CGNT stock opened at $9.86 on Friday. Cognyte Software has a 1 year low of $7.64 and a 1 year high of $11.65. The stock has a fifty day moving average of $8.47 and a two-hundred day moving average of $8.88. The firm has a market capitalization of $719.47 million, a PE ratio of -123.25 and a beta of 1.63.

Cognyte Software (NASDAQ:CGNT) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $100.74 million for the quarter, compared to analyst estimates of $99.58 million. Cognyte Software has set its FY 2026 guidance at 0.240-0.240 EPS. Equities research analysts predict that Cognyte Software will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new stake in shares of Cognyte Software during the 3rd quarter valued at $27,000. Quarry LP acquired a new stake in shares of Cognyte Software during the third quarter worth $33,000. Osaic Holdings Inc. raised its position 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 period. Virtus Advisers LLC purchased a new stake in shares of Cognyte Software during the second quarter valued at $38,000. Finally, Corton Capital Inc. acquired a new position in shares of Cognyte Software in the 2nd quarter valued at $95,000. Institutional investors and hedge funds own 72.92% of the company’s stock.

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.