Roth Capital Begins Coverage on Cognyte Software (NASDAQ:CGNT)

Investment analysts at Roth Capital assumed coverage on shares of Cognyte Software (NASDAQ:CGNT) in a report released on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $14.00 price target on the stock. Roth Capital’s price target points to a potential upside of 65.88% from the company’s current price.

Separately, Needham & Company LLC restated a “hold” rating on shares of Cognyte Software in a research report on Monday, July 28th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.00.

Cognyte Software Stock Up 2.3%

Shares of CGNT stock opened at $8.44 on Friday. The business has a 50-day moving average price of $8.71 and a two-hundred day moving average price of $9.24. Cognyte Software has a 12-month low of $6.38 and a 12-month high of $11.65. The firm has a market cap of $615.87 million, a P/E ratio of -140.64 and a beta of 1.63.

Institutional Investors Weigh In On Cognyte Software

A number of large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Cognyte Software in the fourth quarter worth about $112,000. Bank of America Corp DE raised its position in shares of Cognyte Software by 149.3% in the 4th quarter. Bank of America Corp DE now owns 13,369 shares of the company’s stock worth $116,000 after acquiring an additional 8,007 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Cognyte Software in the 1st quarter valued at approximately $663,000. Signaturefd LLC lifted its stake in shares of Cognyte Software by 119.2% in the 1st quarter. Signaturefd LLC now owns 3,968 shares of the company’s stock valued at $31,000 after purchasing an additional 2,158 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Cognyte Software during the first quarter valued at approximately $610,000. Institutional investors own 72.92% of the company’s stock.

About Cognyte Software

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.