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

Roth Capital started coverage on shares of Cognyte Software (NASDAQ:CGNT) in a research report sent to investors on Friday morning, MarketBeat reports. The firm issued a buy rating and a $14.00 target price on the stock.

Separately, Needham & Company LLC reissued 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.00.

Cognyte Software Price Performance

Cognyte Software stock opened at $8.44 on Friday. Cognyte Software has a 1-year low of $6.38 and a 1-year high of $11.65. The stock has a market cap of $615.87 million, a PE ratio of -140.64 and a beta of 1.63. The stock’s fifty day moving average is $8.71 and its two-hundred day moving average is $9.25.

Institutional Investors Weigh In On Cognyte Software

Institutional investors have recently modified their holdings of the company. Algert Global LLC grew 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 worth $253,000 after acquiring an additional 1,530 shares during the period. Osaic Holdings Inc. boosted its position in 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 purchasing an additional 1,608 shares in the last quarter. Signaturefd LLC grew its holdings 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 purchasing an additional 2,158 shares during the last quarter. Jump Financial LLC increased its position in shares of Cognyte Software by 5.7% in the first quarter. Jump Financial LLC now owns 43,141 shares of the company’s stock valued at $336,000 after buying an additional 2,341 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Cognyte Software by 2.2% in the second quarter. Sei Investments Co. now owns 140,882 shares of the company’s stock valued at $1,302,000 after buying an additional 2,988 shares in the last quarter. Hedge funds and other institutional investors own 72.92% of the company’s stock.

Cognyte Software Company Profile

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.