Matthew Conlin Buys 20,000 Shares of Cogint, Inc. (COGT) Stock

Cogint, Inc. (NASDAQ:COGT) insider Matthew Conlin purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of $2.81 per share, with a total value of $56,200.00. Following the transaction, the insider now owns 2,828,235 shares of the company’s stock, valued at $7,947,340.35. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Cogint, Inc. (NASDAQ COGT) opened at $3.15 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $196.58, a price-to-earnings ratio of -3.32 and a beta of 0.12. Cogint, Inc. has a 52 week low of $2.60 and a 52 week high of $6.95.

COGT has been the subject of a number of research analyst reports. Chardan Capital restated a “buy” rating and issued a $7.00 price target (down previously from $12.50) on shares of Cogint in a research report on Thursday, November 9th. Zacks Investment Research raised Cogint from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd.

An institutional investor recently raised its position in Cogint stock. Bank of New York Mellon Corp lifted its stake in shares of Cogint, Inc. (NASDAQ:COGT) by 31.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,206 shares of the technology company’s stock after acquiring an additional 23,769 shares during the period. Bank of New York Mellon Corp owned 0.18% of Cogint worth $500,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.05% of the company’s stock.

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Cogint Company Profile

IDI, Inc, formerly Tiger Media, Inc, is a data and analytics company providing information and marketing solutions to businesses in a range of industries. The Company operates through two segments: Information Services and Performance Marketing. The Company serves the risk management and the consumer marketing industries through its consolidated subsidiaries, Interactive Data, LLC and Fluent, LLC, respectively.

Insider Buying and Selling by Quarter for Cogint (NASDAQ:COGT)

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