Insider Trade: Michael Brauser Purchased 3,500 Shares of Cogint, Inc. (NASDAQ:COGT)

November 30, 2016 - By olga

 Insider Trade: Michael Brauser Purchased 3,500 Shares of Cogint, Inc. (NASDAQ:COGT)

Michael Brauser Insider Buy

3,500 shares of Cogint Inc were bought by Michael Brauser, the firm’s Executive Chairman. The shares are valued at precisely $12,985 which has been calculated on the basis of the average transactions stock price ($3.7 for every share). In the last 30 days, he also bought 29,500 shares worth approximately $108,547 USD. The chance of this purchase staying disregarded is extremely low because it’s new, with the Executive Chairman now having rights to 9.49 million shares — that is 17.95% of Cogint Inc’s market cap. A report documented published 30/11/2016 with the Washington-based SEC, made public here, shows more info about the acquisition.

The stock increased 4.35% or $0.15 on November 29, hitting $3.6. Cogint, Inc. (NASDAQ:COGT) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

According to Zacks Investment Research, “Cogint, Inc. is involved in data analytics products and services. The Company offers cloud-based mobile user and data acquisition, audience, risk management and marketing solutions to the risk management industry. Cogint Inc., formerly known as IDI Inc., is based in Beverly Hills, United States.”

Analysts await Cogint, Inc. (NASDAQ:COGT) to report earnings on March, 13. After $-0.11 actual EPS reported by Cogint, Inc. for the previous quarter, Wall Street now forecasts -27.27% EPS growth.

More notable recent Cogint, Inc. (NASDAQ:COGT) news were published by: Businesswire.com which released: “IDI, Inc. Announces Corporate Name Change to Cogint, Inc. and Move to NASDAQ ..” on September 14, 2016, also Marketwatch.com with their article: “Cogint Inc.” published on May 12, 2009, Businesswire.com published: “Cogint, Inc. Announces Preliminary Financial Results for the Third Quarter 2016” on October 18, 2016. More interesting news about Cogint, Inc. (NASDAQ:COGT) were released by: Businesswire.com and their article: “Cogint, Inc. to Announce Third Quarter 2016 Earnings Results on November 3, 2016” published on October 14, 2016 as well as Businesswire.com‘s news article titled: “Cogint, Inc. To Ring Opening Bell, Begin Trading On NASDAQ” with publication date: September 26, 2016.

COGT Company Profile

Cogint, Inc., formerly IDI, Inc, incorporated on March 20, 2015, is a holding company. The Company, through its subsidiaries, is engaged in data analytics, serving as an information solutions well-known provider to the risk management industry for purposes, including due diligence, risk assessment, fraud detection and prevention, and authentication and verification. The Firm operates through data fusion activities segment. The Company’s cross-functional core systems and processes are designed to deliver products and solutions to the marketing industry. The Company’s solutions include idiBASIC, idiVERIFIED and Batch Processing. The Company’s subsidiary is IDI Holdings, LLC.

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