Cognyte Software (NASDAQ:CGNT) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Cognyte Software Ltd. (NASDAQ:CGNT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.78 and traded as high as $9.43. Cognyte Software shares last traded at $9.40, with a volume of 306,039 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Roth Capital started coverage on Cognyte Software in a research report on Friday, October 3rd. They issued a “buy” rating and a $14.00 target price on the stock. Wall Street Zen raised shares of Cognyte Software from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cognyte Software in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Cognyte Software to a “hold” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.00.

Cognyte Software Trading Up 1.1%

The firm’s fifty day moving average price is $8.80 and its two-hundred day moving average price is $8.78. The stock has a market capitalization of $685.92 million, a PE ratio of -117.50 and a beta of 1.63.

Cognyte Software (NASDAQ:CGNT) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.05. The company had revenue of $100.74 million for 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. As a group, sell-side analysts anticipate that Cognyte Software Ltd. will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of Cognyte Software

Several institutional investors have recently bought and sold shares of CGNT. Jump Financial LLC raised its stake in shares of Cognyte Software by 5.7% during the 1st quarter. Jump Financial LLC now owns 43,141 shares of the company’s stock worth $336,000 after buying an additional 2,341 shares during the period. Trexquant Investment LP increased its holdings in Cognyte Software by 50.1% in the 1st quarter. Trexquant Investment LP now owns 203,985 shares of the company’s stock worth $1,591,000 after acquiring an additional 68,078 shares in the last quarter. Magnetar Financial LLC acquired a new position in Cognyte Software during the first quarter worth $106,000. Cubist Systematic Strategies LLC purchased a new position in Cognyte Software during the first quarter valued at $633,000. Finally, PDT Partners LLC acquired a new stake in shares of Cognyte Software in the first quarter valued at about $355,000. 72.92% of the stock is owned by institutional investors and hedge funds.

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.