Cognyte Software Ltd’s filing revealed that its Officer Rotem Ilan acquired Company’s shares for reported $95900.0 on Jan 16 ’25. In the deal valued at $9.59 per share,10,000 shares were bought.
Then, Barel Amir bought 8,334 shares, generating $79,923 in total proceeds.
Before that, Barel Amir bought 9,917 shares. Cognyte Software Ltd shares valued at $88,955 were divested by the Officer at a price of $8.97 per share.
Stifel downgraded its Cognyte Software Ltd [CGNT] rating to a Hold from a a Buy in a research note published on September 29, 2022; the price target was decreased to $6 from $8. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in late June from “an Outperform” to “an In-line”. William Blair also remained covering CGNT and has decreased its forecast on June 28, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. Needham revised its rating on April 05, 2022. It rated CGNT as “a Hold” which previously was an “a Buy”.
Price Performance Review of CGNT
On Friday, Cognyte Software Ltd [NASDAQ:CGNT] saw its stock fall -1.23% to $9.66. Over the last five days, the stock has gained 10.78%. Cognyte Software Ltd shares have risen nearly 11.68% since the year began. Nevertheless, the stocks have risen 66.55% over the past one year. While a 52-week high of $9.97 was reached on 01/16/25, a 52-week low of $5.44 was recorded on 01/13/25. SMA at 50 days reached $8.30, while 200 days put it at $7.52.
Levels Of Support And Resistance For CGNT Stock
The 24-hour chart illustrates a support level at 9.49, which if violated will result in even more drops to 9.31. On the upside, there is a resistance level at 9.89. A further resistance level may holdings at 10.11. The Relative Strength Index (RSI) on the 14-day chart is 66.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.67%. Stochastics %K at 86.04% indicates the stock is a selling.
How much short interest is there in Cognyte Software Ltd?
A steep rise in short interest was recorded in Cognyte Software Ltd stocks on 2024-11-29, dropping by 57500.0 shares to a total of 0.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.64 million shares. There was a decline of -9.95%, which implies that there is a negative sentiment for the stock.
