Cognyte Software Ltd. (NASDAQ:CGNT) Receives $14.00 Consensus Price Target from Brokerages

Cognyte Software Ltd. (NASDAQ:CGNT) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.50.

A number of analysts have recently weighed in on CGNT shares. Lake Street Capital began coverage on Cognyte Software in a research report on Monday. They set a “buy” rating and a $13.00 target price for the company. Wall Street Zen raised Cognyte Software from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cognyte Software in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in shares of Cognyte Software during the third quarter worth about $27,000. Quarry LP bought a new stake in shares of Cognyte Software during the third quarter valued at approximately $33,000. Osaic Holdings Inc. lifted its position in Cognyte Software by 79.4% during the 2nd 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 during the period. Virtus Advisers LLC purchased a new position in Cognyte Software during the 2nd quarter valued at about $38,000. Finally, Corton Capital Inc. bought a new stake in Cognyte Software during the second quarter worth about $95,000. Hedge funds and other institutional investors own 72.92% of the company’s stock.

Cognyte Software Stock Performance

CGNT opened at $8.19 on Monday. The firm has a market capitalization of $597.62 million, a PE ratio of -102.38 and a beta of 1.64. Cognyte Software has a 52 week low of $6.29 and a 52 week high of $11.65. The company has a fifty day moving average price of $8.36 and a two-hundred day moving average price of $8.52.

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

Cognyte Software Company Profile

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.