Cognyte Software Ltd. (NASDAQ:CGNT – Get Rating) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $8.00.
A number of equities analysts recently commented on the company. Stifel Nicolaus cut their price objective on Cognyte Software from $6.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, December 21st. StockNews.com downgraded Cognyte Software from a “hold” rating to a “sell” rating in a report on Tuesday, December 13th.
Cognyte Software Price Performance
Cognyte Software stock opened at $3.83 on Monday. The stock’s 50 day moving average is $3.62 and its 200 day moving average is $3.63. The firm has a market cap of $258.45 million, a P/E ratio of -2.59 and a beta of 1.35. Cognyte Software has a one year low of $2.31 and a one year high of $12.82.
Institutional Investors Weigh In On Cognyte Software
A number of hedge funds have recently added to or reduced their stakes in the business. Bayesian Capital Management LP bought a new stake in shares of Cognyte Software during the third quarter valued at approximately $42,000. Quantbot Technologies LP bought a new stake in shares of Cognyte Software during the first quarter valued at approximately $45,000. Keebeck Alpha LP bought a new stake in shares of Cognyte Software during the second quarter valued at approximately $46,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Cognyte Software during the fourth quarter valued at approximately $61,000. Finally, Alpine Global Management LLC bought a new stake in shares of Cognyte Software during the fourth quarter valued at approximately $62,000. 84.93% of the stock is currently owned by 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 also offers network intelligence analytics, open source and threat intelligence analytics, and operational intelligence analytics solutions.
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