Cognyte Software (NASDAQ:CGNT) Now Covered by Analysts at Roth Capital

Roth Capital assumed coverage on shares of Cognyte Software (NASDAQ:CGNT) in a research note published on Friday morning, Marketbeat.com reports. The firm issued a buy rating and a $14.00 price objective on the stock.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Cognyte Software in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Cognyte Software Stock Performance

NASDAQ CGNT opened at $8.44 on Friday. The company has a market cap of $615.87 million, a P/E ratio of -140.64 and a beta of 1.63. The business’s 50 day moving average price is $8.71 and its 200-day moving average price is $9.24. Cognyte Software has a fifty-two week low of $6.38 and a fifty-two week high of $11.65.

Institutional Investors Weigh In On Cognyte Software

Hedge funds have recently modified their holdings of the business. Algert Global LLC boosted its holdings in shares of Cognyte Software by 5.0% in the 1st quarter. Algert Global LLC now owns 32,388 shares of the company’s stock valued at $253,000 after buying an additional 1,530 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Cognyte Software by 79.4% in the second quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock valued at $34,000 after acquiring an additional 1,608 shares in the last quarter. Signaturefd LLC boosted its stake in Cognyte Software by 119.2% in the first quarter. Signaturefd LLC now owns 3,968 shares of the company’s stock valued at $31,000 after acquiring an additional 2,158 shares in the last quarter. Jump Financial LLC grew its holdings in Cognyte Software by 5.7% in 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 last quarter. Finally, Sei Investments Co. increased its position in shares of Cognyte Software by 2.2% during the second quarter. Sei Investments Co. now owns 140,882 shares of the company’s stock worth $1,302,000 after purchasing an additional 2,988 shares in the last quarter. Hedge funds and other institutional investors own 72.92% of the company’s stock.

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.