Cogint Sees Unusually Large Options Volume (COGT)
Cogint, Inc. (NASDAQ:COGT) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 1,419 call options on the stock. This is an increase of 2,434% compared to the typical daily volume of 56 call options.
In other Cogint news, Director Michael Brauser acquired 18,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were purchased at an average cost of $3.65 per share, with a total value of $65,700.00. Following the completion of the purchase, the director now owns 329,235 shares of the company’s stock, valued at $1,201,707.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Phillip Md Et Al Frost acquired 20,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $4.11 per share, for a total transaction of $82,200.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 70,237 shares of company stock worth $279,326. 54.10% of the stock is owned by insiders.
A hedge fund recently raised its stake in Cogint stock. Bank of New York Mellon Corp grew its position in Cogint, Inc. (NASDAQ:COGT) by 31.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,206 shares of the technology company’s stock after purchasing an additional 23,769 shares during the period. Bank of New York Mellon Corp owned about 0.18% of Cogint worth $500,000 at the end of the most recent reporting period. Institutional investors own 8.86% of the company’s stock.
Cogint (NASDAQ COGT) opened at $4.85 on Friday. Cogint has a 12 month low of $3.15 and a 12 month high of $6.95. The firm has a market cap of $325.24, a price-to-earnings ratio of -5.11 and a beta of 0.20. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.29.
Cogint (NASDAQ:COGT) last announced its earnings results on Wednesday, November 8th. The technology company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.09). The firm had revenue of $57.25 million during the quarter, compared to analysts’ expectations of $62.24 million. Cogint had a negative net margin of 24.45% and a negative return on equity of 17.78%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) EPS. equities research analysts anticipate that Cogint will post -1.02 EPS for the current fiscal year.
COGT has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Cogint from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Chardan Capital reaffirmed a “buy” rating and issued a $7.00 price objective (down from $12.50) on shares of Cogint in a research note on Thursday, November 9th.
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