Cognyte Software Ltd. (NASDAQ:CGNT) Given Average Recommendation of “Hold” by Analysts

Cognyte Software Ltd. (NASDAQ:CGNT) has been given a consensus recommendation of “Hold” by the five analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.50.

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

Institutional Investors Weigh In On Cognyte Software

A number of hedge funds have recently bought and sold shares of CGNT. State of Alaska Department of Revenue acquired a new position in shares of Cognyte Software in the 3rd quarter valued at about $27,000. Quarry LP acquired a new stake in Cognyte Software during the third quarter worth about $33,000. Osaic Holdings Inc. lifted its position in Cognyte Software by 79.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock valued at $34,000 after purchasing an additional 1,608 shares during the last quarter. Virtus Advisers LLC acquired a new position in Cognyte Software during the 2nd quarter valued at about $38,000. Finally, Corton Capital Inc. bought a new position in Cognyte Software in the 2nd quarter worth about $95,000. Institutional investors and hedge funds own 72.92% of the company’s stock.

Cognyte Software Price Performance

Shares of CGNT opened at $8.69 on Monday. Cognyte Software has a 12 month low of $6.29 and a 12 month high of $11.65. The stock’s 50-day moving average is $8.32 and its two-hundred day moving average is $8.52. The stock has a market cap of $634.11 million, a PE ratio of -108.63 and a beta of 1.64.

Cognyte Software (NASDAQ:CGNT) last announced its 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 business 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 will post -0.2 earnings per share 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.