Fluent LLC CEO Ryan Schulke (Insider Trades), a division of Cogint Inc. (COGT), bought 150,000 shares of Cogint on Jan. 23. The price was $3.15 per share for a total transaction of $472,500.
Fluent is a digital marketing and customer acquisition company that utilizes real-time survey interaction to help companies target customers. Cogint, the parent company, offers a variety of resources for companies such as fraud and abuse determination, debt collection and  potential customer identification. Cogint has a market cap of $202.28 million.
Including the aforementioned transaction, Schulke purchased 219,379 shares of the company in eight transactions since January 2016; Schulke’s earliest purchase of 20,000 shares at a per share price of $5.98 decreased in value by about 30% since then. From 2011 to 2014, there were no insider transactions with Cogint; in 2015, insiders purchased 107,550 shares in 19 transactions, and in the following year, this number grew to 3,191,371 shares in 60 insider transactions.
In 2017 to date, there have been three insider purchases including Schulke’s transaction. Also on Jan. 23, Fluent President Matthew Conlin (Insider Trades) purchased 100,000 shares of Cogint for $3.15 per share. For more information about insider trades with Cogint, click here.
Cogint reported total revenue of $52.176 million for the third quarter ended Sept. 30, 2016. Revenue for third-quarter 2016 increased in comparison to the $1.002 million reported by the company in the corresponding quarter of the previous year. Net loss increased from $4.789 million to $9.744 million when comparing the third quarter of 2015 to the third quarter of 2016. This equates to a diluted loss per share of 29 cents and 19 cents. Cogint CEO Derek Dubner said third-quarter 2016 was a “record quarter in revenue” and predicts the momentum from the third quarter will yield full 2016 revenues of around $183 million to $187 million.
Fluent announced on Jan. 18 the launch of an acquisition marketing application made available on the Oracle Cloud Marketplace. The acquisition marketing application will help marketers with customer acquisition and follow-up lifecycle marketing campaigns through Oracle Marketing Cloud’s Oracle Responsys.
Jim Simons (Trades, Portfolio) acquired 23,100 shares of Cogint in the third quarter of 2016 at an average per share price of $5.11. The total estimated loss of the holding since then is 22%. Throughout 2016, Simons’ portfolio consisted mainly of companies in the technology, health care and financial sectors. For more information about guru trades with Cogint, click here.
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