Cognyte Software (NASDAQ:CGNT) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Cognyte Software Ltd. (NASDAQ:CGNT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.80 and traded as high as $9.24. Cognyte Software shares last traded at $9.24, with a volume of 151,739 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CGNT. Roth Mkm began coverage on Cognyte Software in a research note on Friday, October 3rd. They set a “buy” rating and a $14.00 price objective for the company. Wall Street Zen upgraded Cognyte Software from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Cognyte Software in a research note on Wednesday, January 21st. Finally, Zacks Research raised shares of Cognyte Software to a “hold” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Cognyte Software Trading Up 3.8%

The company has a 50-day moving average of $9.07 and a 200-day moving average of $8.80. The firm has a market capitalization of $674.24 million, a price-to-earnings ratio of -115.50 and a beta of 1.61.

Cognyte Software (NASDAQ:CGNT) last released its earnings results on Tuesday, December 9th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.05. The firm had revenue of $100.74 million during the quarter, compared to analyst estimates of $99.58 million. Cognyte Software had a negative net margin of 1.45% and a negative return on equity of 2.24%. Cognyte Software has set its FY 2026 guidance at 0.240-0.240 EPS. On average, research analysts forecast that Cognyte Software Ltd. will post -0.2 earnings per share for the current year.

Institutional Trading of Cognyte Software

A number of institutional investors and hedge funds have recently made changes to their positions in CGNT. Topline Capital Management LLC boosted its position in Cognyte Software by 2.4% during the 3rd quarter. Topline Capital Management LLC now owns 7,195,619 shares of the company’s stock valued at $60,443,000 after purchasing an additional 168,329 shares during the period. American Capital Management Inc. boosted its holdings in shares of Cognyte Software by 0.6% during the third quarter. American Capital Management Inc. now owns 6,751,962 shares of the company’s stock valued at $56,716,000 after acquiring an additional 39,721 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Cognyte Software by 4.9% during the second quarter. Acadian Asset Management LLC now owns 2,784,080 shares of the company’s stock valued at $25,699,000 after acquiring an additional 129,251 shares during the period. Westerly Capital Management LLC grew its position in shares of Cognyte Software by 29.4% during the third quarter. Westerly Capital Management LLC now owns 1,100,000 shares of the company’s stock worth $9,240,000 after acquiring an additional 250,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Cognyte Software by 19.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,083,646 shares of the company’s stock worth $10,013,000 after acquiring an additional 175,569 shares during the period. 72.92% of the stock is currently owned by institutional investors and hedge funds.

About Cognyte Software

Cognyte Software Ltd. is a global provider of security analytics solutions that was spun off from NICE Ltd. in early 2021. Headquartered in Israel, the company delivers specialized software and services designed to help government agencies, law enforcement organizations and critical infrastructure operators process and analyze large volumes of data for intelligence and investigative purposes.

The company’s core offerings include advanced analytics platforms that aggregate and visualize structured and unstructured data from diverse sources, such as communications metadata, open-source intelligence and sensor feeds.