|
Video: What is a Stock Split?
|
|
Cognyte Software provides security analytics software that equips governments and enterprises with Actionable Intelligence. Co.'s security analytics software portfolio is designed to help customers find the needles in the haystacks, accelerate the investigative process, and identify, neutralize and prevent terror, crime and cyber threats. Co.'s solutions provide end-users with a set of analytics engines, AI models, workflows and visualization tools to address specific security challenges. Co.'s solutions span across investigative analytics, operational intelligence analytics and threat intelligence analytics. Co.'s services include customer support, other services and integration services. According to our CGNT split history records, Cognyte Software has had 1 split. | |
|
Cognyte Software (CGNT) has 1 split in our CGNT split history database. The split for CGNT took place on April 01, 2015. This was a 1 for 5 reverse split, meaning for each 5 shares of CGNT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Cognyte Software conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the CGNT split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cognyte Software shares, starting with a $10,000 purchase of CGNT, presented on a split-history-adjusted basis factoring in the complete CGNT split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
02/08/2021 |
|
End date: |
04/19/2024 |
|
Start price/share: |
$28.81 |
|
End price/share: |
$6.42 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-77.72% |
|
Average Annual Total Return: |
-37.52% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$2,228.69 |
|
Years: |
3.19 |
|
|
|
Date |
Ratio |
04/01/2015 | 1 for 5 |
|
|