Cognyte Software Ltd (CGNT): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. The current market capitalization of Cognyte Software Ltd is $703.13M. A total of 0.74 million shares were traded on the day, compared to an average of 257.82K shares.

In the most recent transaction, Barel Amir bought 9,917 shares of CGNT for 8.97 per share on Dec 13 ’24. In a previous transaction on Sep 13 ’24, Cohen Gil bought 15,123 shares at 6.31 per share.

Among the insiders who bought shares, Topline Capital Partners, LP acquired of 553,591 shares on Sep 11 ’24 at a per-share price of $6.31. This resulted in the 10% Owner holding 8,604,144 shares of CGNT after the transaction. In another insider transaction, Topline Capital Partners, LP bought 416,040 shares at $6.30 per share on Sep 12 ’24. Company shares held by the 10% Owner now total 9,020,184.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CGNT has a high of $9.69 and a low of $5.44.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CGNT’s latest balance sheet shows that the firm has $163.02M in Cash & Short Term Investments as of fiscal 2022. There were $124.59M in debt and $319.60M in liabilities at the time. Its Book Value Per Share was $2.74, while its Total Shareholder’s Equity was $299.09M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CGNT is Buy with a score of 3.00.

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