Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cognyte Software Ltd shares valued at $88,955 were purchased by Barel Amir on Dec 13 ’24. At $8.97 per share, Barel Amir acquired 9,917 shares.
Also, Cohen Gil purchased 15,123 shares, netting a total of over 95,426 in proceeds.
Before that, Topline Capital Partners, LP had added 553,591 shares to its account. In a trade valued at $3,493,159, the 10% Owner bought Cognyte Software Ltd shares for $6.31 each. Upon closing the transaction, the insider’s holdings increased to 553,591 shares, worth approximately $75.72 million.
As published in a research note from Stifel on September 29, 2022, Cognyte Software Ltd [CGNT] has been rated down from a Buy to a Hold and the price target has been revised to $6 from $8. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in late June. As of June 28, 2022, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for CGNT. Earlier on April 05, 2022, Needham downgraded its rating. Their new recommendation was “a Hold” for CGNT stock which previously was a “a Buy”.
Analyzing CGNT Stock Performance
During the last five days, there has been a surge of approximately 1.73%. Over the course of the year, Cognyte Software Ltd shares have jumped approximately 1.73%. Shares of the company reached a 52-week high of $9.05 on 01/06/25 and a 52-week low of $8.54 on 01/02/25. A 50-day SMA is recorded $7.99, while a 200-day SMA reached $7.48. Nevertheless, trading volume fell to 0.16 million shares from 0.18 million shares the previous day.
Support And Resistance Levels for Cognyte Software Ltd (CGNT)
According to the 24-hour chart, there is a support level at 8.69, which, if violated, would cause prices to drop to 8.57. In the upper region, resistance lies at 8.88. The next price resistance is at 8.95. RSI (Relative Strength Index) is 56.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 55.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
