Cognyte Software (NASDAQ:CGNT) Posts Earnings Results

Cognyte Software (NASDAQ:CGNT) released its earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.05, FiscalAI reports. 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 2.05% and a negative net margin of 1.20%. Cognyte Software updated its FY 2026 guidance to 0.240-0.240 EPS.

Cognyte Software Stock Up 3.7%

CGNT stock opened at $8.97 on Tuesday. Cognyte Software has a 52-week low of $7.64 and a 52-week high of $11.65. The firm has a market cap of $654.54 million, a P/E ratio of -149.48 and a beta of 1.63. The company’s 50-day simple moving average is $8.36 and its 200-day simple moving average is $8.90.

Analysts Set New Price Targets

Several brokerages recently weighed in on CGNT. Wall Street Zen downgraded shares of Cognyte Software from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Roth Capital began coverage on Cognyte Software in a research report on Friday, October 3rd. They set a “buy” rating and a $14.00 price target on the stock. Zacks Research raised Cognyte Software to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cognyte Software in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Institutional Trading of Cognyte Software

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. raised its stake in shares of Cognyte Software by 79.4% during the 2nd 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 period. Sei Investments Co. lifted its holdings in Cognyte Software by 2.2% during the second quarter. Sei Investments Co. now owns 140,882 shares of the company’s stock valued at $1,302,000 after purchasing an additional 2,988 shares in the last quarter. Quarry LP acquired a new stake in shares of Cognyte Software in the third quarter valued at about $33,000. Tidal Investments LLC increased its stake in shares of Cognyte Software by 22.1% during the second quarter. Tidal Investments LLC now owns 49,403 shares of the company’s stock worth $456,000 after purchasing an additional 8,927 shares in the last quarter. Finally, Engineers Gate Manager LP raised its position in shares of Cognyte Software by 13.2% during the 2nd quarter. Engineers Gate Manager LP now owns 97,119 shares of the company’s stock worth $897,000 after purchasing an additional 11,311 shares during the last quarter. 72.92% of the stock is currently owned by hedge funds and other institutional investors.

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.