Jane Street Group LLC Invests $112,000 in Cognyte Software Ltd. (NASDAQ:CGNT)

Jane Street Group LLC purchased a new position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,923 shares of the company’s stock, valued at approximately $112,000.

Other hedge funds also recently modified their holdings of the company. Barclays PLC raised its position in shares of 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. Russell Investments Group Ltd. raised its position in shares of Cognyte Software by 1,695.7% during the fourth quarter. Russell Investments Group Ltd. now owns 4,130 shares of the company’s stock worth $36,000 after purchasing an additional 3,900 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Cognyte Software during the fourth quarter worth about $71,000. Walleye Capital LLC acquired a new stake in shares of Cognyte Software during the fourth quarter worth about $156,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Cognyte Software during the fourth quarter worth about $310,000. Institutional investors and hedge funds own 72.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CGNT. Wall Street Zen raised Cognyte Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cognyte Software in a research report on Thursday, May 22nd.

Cognyte Software Stock Performance

Shares of Cognyte Software stock opened at $11.22 on Friday. The business’s 50 day simple moving average is $9.96 and its 200 day simple moving average is $9.29. Cognyte Software Ltd. has a 52-week low of $6.21 and a 52-week high of $11.66. The firm has a market cap of $808.48 million, a PE ratio of -59.05 and a beta of 1.73.

Cognyte Software (NASDAQ:CGNT) last announced its earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Cognyte Software had a negative return on equity of 13.30% and a negative net margin of 3.95%. The business had revenue of $94.51 million for the quarter, compared to analyst estimates of $93.15 million. During the same quarter last year, the firm earned ($0.23) EPS. As a group, equities research analysts predict that Cognyte Software Ltd. will post -0.2 EPS for the current year.

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.