Scalar Gauge Management LLC Has $3.25 Million Stake in Cognyte Software Ltd. (NASDAQ:CGNT)

Scalar Gauge Management LLC boosted its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 30.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 425,032 shares of the medical device company’s stock after acquiring an additional 100,000 shares during the period. Cognyte Software makes up approximately 1.9% of Scalar Gauge Management LLC’s holdings, making the stock its 16th largest holding. Scalar Gauge Management LLC owned approximately 0.60% of Cognyte Software worth $3,247,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of Cognyte Software by 91.4% during the 2nd quarter. Signaturefd LLC now owns 3,311 shares of the medical device company’s stock worth $25,000 after acquiring an additional 1,581 shares during the period. nVerses Capital LLC bought a new position in shares of Cognyte Software during the 2nd quarter worth approximately $28,000. DT Investment Partners LLC bought a new stake in Cognyte Software in the second quarter valued at $62,000. Covestor Ltd acquired a new stake in shares of Cognyte Software in the 1st quarter valued at $73,000. Finally, Magnetar Financial LLC bought a new stake in shares of Cognyte Software in the 2nd quarter worth about $117,000. Institutional investors and hedge funds own 72.92% of the company’s stock.

Insider Buying and Selling

In other Cognyte Software news, insider Topline Capital Management, Ll purchased 416,040 shares of the stock in a transaction on Thursday, September 12th. The stock was bought at an average cost of $6.30 per share, for a total transaction of $2,621,052.00. Following the completion of the acquisition, the insider now directly owns 9,020,184 shares of the company’s stock, valued at $56,827,159.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Topline Capital Management, Ll bought 416,040 shares of the stock in a transaction on Thursday, September 12th. The stock was purchased at an average price of $6.30 per share, for a total transaction of $2,621,052.00. Following the acquisition, the insider now owns 9,020,184 shares in the company, valued at $56,827,159.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Topline Capital Partners, Lp purchased 553,591 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $6.31 per share, for a total transaction of $3,493,159.21. Following the completion of the acquisition, the insider now owns 8,604,144 shares of the company’s stock, valued at $54,292,148.64. The disclosure for this purchase can be found here. 62.70% of the stock is currently owned by company insiders.

Cognyte Software Stock Down 1.6 %

CGNT stock opened at $6.60 on Tuesday. Cognyte Software Ltd. has a twelve month low of $4.00 and a twelve month high of $8.70. The business’s fifty day moving average is $7.28 and its 200-day moving average is $7.46. The company has a market cap of $468.75 million, a P/E ratio of -38.82 and a beta of 1.74.

Cognyte Software (NASDAQ:CGNT) last issued its quarterly earnings data on Tuesday, September 10th. The medical device company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. The firm had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $83.69 million. Cognyte Software had a negative net margin of 1.35% and a negative return on equity of 2.56%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.11) earnings per share. Research analysts anticipate that Cognyte Software Ltd. will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Cognyte Software in a research report on Tuesday, September 10th. Wedbush increased their price objective on shares of Cognyte Software from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, June 20th. Finally, StockNews.com upgraded shares of Cognyte Software from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 19th.

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.