Recent insider trends for Cogint, Inc. (NASDAQ:COGT) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. COGT’s insider trading patterns have some implications for where the stock might be headed.
Institutions own 08.86% of Cogint, Inc. (COGT)’s shares. The total value of these holdings, in millions, is $29. Among active positions in the latest quarter, 21 holders increased their positions by a total of 854325 shares, 23 holders decreased the positions by a total of 407539 shares, and 13 holders held their positions. This works out to a net increase in ownership of 446786 shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 6 holders initiated new positions by a total of 132399 shares and 4 holders exited their positions by a total of 117974 shares. This nets out to an increase of 14425 shares and is a bullish sign for COGT.
In the last three months, insiders executed a total of 17 trades. 17 of these were buys. Insider ownership increased by a total of 86337 shares, which suggests that COGT’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 54 buys and 14 sells, and ownership increased by a net of 1.73 million shares.
The analysis of insider buying and selling trends can be extended to the aggregate level. Short interest, which represents the number of a stock’s shares currently being shorted, captures what the market as a whole feels about a stock. Cogint, Inc. (NASDAQ:COGT)’s short interest is 2.72 million shares, or 13.54% of the float. This represents an increase of 3% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that COGT is a Weak buy, which implies that COGT is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Cogint, Inc. (NASDAQ:COGT) is undervalued.