Cognyte Software Ltd. $CGNT Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. reduced its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 61.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,181 shares of the company’s stock after selling 134,800 shares during the period. Phoenix Financial Ltd.’s holdings in Cognyte Software were worth $791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. 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 valued at $34,000 after purchasing an additional 1,608 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in shares of Cognyte Software by 1.9% during the third 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 stake in shares of Cognyte Software by 16.0% during the third 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. raised its stake in shares of 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. Finally, State of Alaska Department of Revenue bought a new stake in shares of Cognyte Software during the third quarter valued at about $27,000. 72.92% of the stock is owned by institutional investors and hedge funds.

Cognyte Software Stock Up 1.3%

NASDAQ:CGNT opened at $9.79 on Friday. The business’s 50-day moving average price is $9.07 and its 200 day moving average price is $8.73. The firm has a market cap of $715.45 million, a P/E ratio of -979.00 and a beta of 1.58. Cognyte Software Ltd. has a 52-week low of $6.29 and a 52-week high of $11.65.

Cognyte Software (NASDAQ:CGNT) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09. Cognyte Software had a positive return on equity of 0.74% and a negative net margin of 0.16%.The business had revenue of $106.24 million during the quarter, compared to analyst estimates of $106.20 million. Sell-side analysts expect that Cognyte Software Ltd. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

CGNT has been the topic of a number of recent analyst reports. Lake Street Capital initiated coverage on shares of Cognyte Software in a research note on Monday, March 2nd. They set a “buy” rating and a $13.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Cognyte Software in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Cognyte Software from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded shares of Cognyte Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.50.

Cognyte Software 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.