Stephens Inc. AR Sells 4,000 Shares of Cognyte Software Ltd. (NASDAQ:CGNT)

Stephens Inc. AR decreased its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 20.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,250 shares of the company’s stock after selling 4,000 shares during the period. Stephens Inc. AR’s holdings in Cognyte Software were worth $119,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CGNT. Barclays PLC increased its position in Cognyte Software by 70.0% during the 4th quarter. Barclays PLC now owns 2,943 shares of the company’s stock worth $25,000 after buying an additional 1,212 shares during the period. Russell Investments Group Ltd. increased its position in Cognyte Software by 1,695.7% during the 4th quarter. Russell Investments Group Ltd. now owns 4,130 shares of the company’s stock worth $36,000 after buying an additional 3,900 shares during the period. Quantbot Technologies LP bought a new position in Cognyte Software during the 4th quarter worth $71,000. Jane Street Group LLC bought a new position in Cognyte Software during the 4th quarter worth $112,000. Finally, Bank of America Corp DE increased its position in Cognyte Software by 149.3% during the 4th quarter. Bank of America Corp DE now owns 13,369 shares of the company’s stock worth $116,000 after buying an additional 8,007 shares during the period. Institutional investors own 72.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CGNT. Wall Street Zen raised Cognyte Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 12th. Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a report on Wednesday, June 11th.

Cognyte Software Stock Performance

CGNT opened at $9.18 on Monday. The firm has a market cap of $661.48 million, a P/E ratio of -83.45 and a beta of 1.65. Cognyte Software Ltd. has a 52-week low of $6.21 and a 52-week high of $11.66. The business’s fifty day moving average is $9.81 and its 200-day moving average is $9.45.

Cognyte Software (NASDAQ:CGNT) last released its earnings results on Wednesday, June 11th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $95.55 million for the quarter, compared to analyst estimates of $93.96 million. Cognyte Software had a negative return on equity of 3.53% and a negative net margin of 2.18%. On average, research analysts predict that Cognyte Software Ltd. will post -0.2 earnings per share for the current fiscal year.

About Cognyte Software

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.