Cognyte Software (NASDAQ:CGNT) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Cognyte Software Ltd. (NASDAQ:CGNT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.80 and traded as high as $9.33. Cognyte Software shares last traded at $9.11, with a volume of 294,873 shares trading hands.

Wall Street Analyst Weigh In

CGNT has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cognyte Software in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Cognyte Software from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Roth Capital started coverage on shares of Cognyte Software in a report on Friday, October 3rd. They set a “buy” rating and a $14.00 price target for the company. Finally, Zacks Research upgraded shares of Cognyte Software to a “hold” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.00.

Cognyte Software Price Performance

The firm has a market capitalization of $664.76 million, a P/E ratio of -113.88 and a beta of 1.61. The company’s 50 day moving average price is $9.01 and its 200 day moving average price is $8.80.

Cognyte Software (NASDAQ:CGNT) last posted its quarterly earnings data 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 firm had revenue of $100.74 million for 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. On average, research analysts anticipate that Cognyte Software Ltd. will post -0.2 EPS for the current fiscal year.

Institutional Trading of Cognyte Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Cognyte Software during the 3rd quarter valued at about $27,000. Quarry LP acquired a new stake in shares of Cognyte Software during the 3rd quarter worth approximately $33,000. Osaic Holdings Inc. raised its stake in shares of Cognyte Software by 79.4% during the second quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock worth $34,000 after buying an additional 1,608 shares during the last quarter. Virtus Advisers LLC acquired a new position in Cognyte Software in the second quarter valued at approximately $38,000. Finally, Corton Capital Inc. acquired a new position in Cognyte Software in the second quarter valued at approximately $95,000. 72.92% of the stock is currently 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.