Cognyte Software (NASDAQ:CGNT) Hits New 1-Year Low – Here’s What Happened

Cognyte Software Ltd. (NASDAQ:CGNT)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $7.13 and last traded at $7.2250, with a volume of 180671 shares traded. The stock had previously closed at $7.67.

Analyst Ratings Changes

A number of equities analysts recently commented on CGNT shares. Wall Street Zen raised shares of Cognyte Software from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Cognyte Software in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.00.

Cognyte Software Stock Up 2.8%

The stock’s 50 day moving average price is $9.01 and its two-hundred day moving average price is $8.70. The firm has a market capitalization of $515.17 million, a price-to-earnings ratio of -88.25 and a beta of 1.61.

Cognyte Software (NASDAQ:CGNT) last issued its earnings results on Tuesday, December 9th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. Cognyte Software had a negative return on equity of 2.24% and a negative net margin of 1.45%.The firm had revenue of $100.74 million for the quarter, compared to the consensus estimate of $99.58 million. Cognyte Software has set its FY 2026 guidance at 0.240-0.240 EPS. On average, equities analysts expect that Cognyte Software Ltd. will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Cognyte Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its stake in Cognyte Software by 79.4% in the second quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock valued at $34,000 after acquiring an additional 1,608 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Cognyte Software by 1.9% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 94,944 shares of the company’s stock valued at $798,000 after purchasing an additional 1,738 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Cognyte Software by 16.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,398 shares of the company’s stock valued at $113,000 after purchasing an additional 1,849 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Cognyte Software by 2.2% in the 2nd 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 during the last quarter. Finally, HRT Financial LP boosted its holdings in Cognyte Software by 2.4% in the fourth quarter. HRT Financial LP now owns 133,055 shares of the company’s stock worth $1,250,000 after purchasing an additional 3,181 shares in the last quarter. Institutional investors own 72.92% of the company’s stock.

About Cognyte Software

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.