Cogint, Inc. (NASDAQ:COGT) shot up 0% on Wednesday following insider buying activity. The stock traded as high as $3.15 and last traded at $3.15. 2,370,700 shares changed hands during trading, an increase of 97% from the average session volume of 1,201,107 shares. The stock had previously closed at $3.15.

Specifically, Director Michael Brauser bought 18,000 shares of Cogint stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of $3.65 per share, for a total transaction of $65,700.00. Following the completion of the acquisition, the director now owns 329,235 shares of the company’s stock, valued at $1,201,707.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Conlin bought 20,000 shares of Cogint stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of $2.81 per share, for a total transaction of $56,200.00. Following the acquisition, the insider now directly owns 2,828,235 shares of the company’s stock, valued at approximately $7,947,340.35. The disclosure for this purchase can be found here. Insiders purchased 155,037 shares of company stock worth $483,003 in the last quarter. 54.10% of the stock is owned by insiders.

A number of brokerages have commented on COGT. Zacks Investment Research upgraded Cogint from a “sell” rating to a “hold” rating in a research note on Wednesday. Chardan Capital restated a “buy” rating and set a $7.00 price objective (down previously from $12.50) on shares of Cogint in a research note on Thursday, November 9th.

The firm has a market capitalization of $206.41, a P/E ratio of -3.53 and a beta of 0.12. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.29.

Several institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG lifted its stake in shares of Cogint by 141.0% during the fourth quarter. Deutsche Bank AG now owns 45,423 shares of the technology company’s stock worth $199,000 after purchasing an additional 26,579 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Cogint during the fourth quarter worth about $303,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Cogint by 31.5% during the second quarter. Bank of New York Mellon Corp now owns 99,206 shares of the technology company’s stock worth $500,000 after purchasing an additional 23,769 shares in the last quarter. Institutional investors 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.

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