Yelin Lapidot Holdings Management Ltd. Buys 74,289 Shares of Cognyte Software Ltd. $CGNT

Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 278.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,979 shares of the company’s stock after buying an additional 74,289 shares during the period. Yelin Lapidot Holdings Management Ltd. owned about 0.14% of Cognyte Software worth $818,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CGNT. Millennium Management LLC lifted its stake in Cognyte Software by 101.9% during the 1st quarter. Millennium Management LLC now owns 921,853 shares of the company’s stock valued at $7,190,000 after acquiring an additional 465,307 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Cognyte Software by 52.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 131,140 shares of the company’s stock worth $1,023,000 after acquiring an additional 45,229 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Cognyte Software by 36.3% in the second quarter. JPMorgan Chase & Co. now owns 582,139 shares of the company’s stock valued at $5,379,000 after purchasing an additional 154,955 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Cognyte Software by 77.5% in the second quarter. Marshall Wace LLP now owns 756,876 shares of the company’s stock valued at $6,994,000 after purchasing an additional 330,569 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Cognyte Software by 25.4% during the second quarter. Qube Research & Technologies Ltd now owns 224,053 shares of the company’s stock valued at $2,070,000 after purchasing an additional 45,449 shares in the last quarter. Institutional investors own 72.92% of the company’s stock.

Cognyte Software Stock Performance

NASDAQ:CGNT opened at $8.33 on Monday. Cognyte Software Ltd. has a 12 month low of $6.29 and a 12 month high of $12.31. The firm’s 50 day moving average is $9.64 and its 200 day moving average is $8.93. The stock has a market capitalization of $608.76 million, a PE ratio of -208.25 and a beta of 1.64.

Cognyte Software (NASDAQ:CGNT) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.07). The firm had revenue of $105.49 million for the quarter, compared to the consensus estimate of $105.04 million. Cognyte Software had a negative net margin of 0.66% and a negative return on equity of 0.45%. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. Research analysts predict that Cognyte Software Ltd. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on CGNT. Lake Street Capital started coverage on shares of Cognyte Software in a research report on Monday, March 2nd. They issued a “buy” rating and a $13.00 price objective for the company. Wall Street Zen downgraded Cognyte Software from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Zacks Research lowered Cognyte Software from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.50.

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.