Cognyte Software Ltd (NASDAQ: CGNT) is 11.68% higher on its value in year-to-date trading and has touched a low of $5.44 and a high of $9.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CGNT stock was last observed hovering at around $9.78 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $9.66, the stock is 8.93% and 16.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing -1.23% at the moment leaves the stock 28.52% off its SMA200. CGNT registered 66.55% gain for a year compared to 6-month gain of 29.84%. The firm has a 50-day simple moving average (SMA 50) of $8.3026 and a 200-day simple moving average (SMA200) of $7.5165.
The stock witnessed a 1.68% loss in the last 1 month and extending the period to 3 months gives it a 41.02%, and is 10.78% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.10% over the week and 3.77% over the month.
Fwd P/E is 69.00. Profit margin for the company is -1.35%. Distance from 52-week low is 77.57% and -3.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.96%).
with sales reaching $93.15M over the same period.The EPS is expected to grow by 123.73% this year, but quarterly earnings will post 11.44% year-over-year. Quarterly sales are estimated to grow 11.31% in year-over-year returns.
Cognyte Software Ltd (CGNT) Top Institutional Holders
138.0 institutions hold shares in Cognyte Software Ltd (CGNT), with institutional investors hold 82.16% of the company’s shares. The shares outstanding are 71.89M, and float is at 60.96M with Short Float at 0.66%. Institutions hold 80.16% of the Float.
The top institutional shareholder in the company is EDENBROOK CAPITAL, LLC with over 6.08 million shares valued at $46.42 million. The investor’s holdings represent 8.5536% of the CGNT Shares outstanding. As of 2024-06-30, the second largest holder is AMERICAN CAPITAL MANAGEMENT INC with 5.9 million shares valued at $45.08 million to account for 8.3065 of the shares outstanding. The other top investors are NEUBERGER BERMAN GROUP LLC which holds 5.0 million shares representing 7.041% and valued at over $38.21 million, while SENVEST MANAGEMENT, LLC holds 5.0441 of the shares totaling 3.58 million with a market value of $27.37 million.
Cognyte Software Ltd (CGNT) Insider Activity
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Still, SEC filings show that on Dec 13 ’24, Barel Amir (Officer) Proposed Sale 9,917 shares at an average price of $8.97 for $88955.0. The insider now directly holds shares of Cognyte Software Ltd (CGNT).