Home Insiders Updates A Guide To The Risks Of Investing In Cognex Corporation (CGNX)

A Guide To The Risks Of Investing In Cognex Corporation (CGNX)

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A Guide To The Risks Of Investing In Cognex Corporation (CGNX)

Cognex Corporation’s recent filing unveils that its Director PARROTTE DIANNE M acquired Company’s shares for reported $0.14 million on May 12. In the deal valued at $46.00 per share,3,000 shares were bought. As a result of this transaction, PARROTTE DIANNE M now holds 3,608 shares worth roughly $ 0.17 million.


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Then, ALIAS PATRICK sold 427 shares, generating $27,221 in total proceeds. Upon selling the shares at $63.75, the Director now owns 0 shares.

Before that, Todgham Paul sold 3,000 shares. Cognex Corporation shares valued at $248,979 were divested by the SVP, CFO at a price of $82.99 per share. As a result of the transaction, Todgham Paul now holds 3,492 shares, worth roughly $0.17 million.

JP Morgan downgraded its Cognex Corporation [CGNX] rating to an Underweight from a a Neutral in a research note published on Monday. PT values the company’s stock at a premium of -19.77 to its Monday closing price. A number of analysts have revised their coverage, including Bernstein’s analysts, who increased its forecast for the stock in early August from “a Mkt perform” to “an Outperform”. Stephens also remained covering CGNX and has decreased its forecast on August 03, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. JP Morgan revised its rating on February 18, 2022. It rated CGNX as “a Neutral” which previously was an “an Underweight”.

Price Performance Review of CGNX

On Monday, Cognex Corporation [NASDAQ:CGNX] saw its stock jump 4.06% to $47.91. On the same session, the stock had its day’s lowest price of $45.805, but rose to a high of $47.91. Over the last five days, the stock has gained 3.63%. Cognex Corporation shares have fallen nearly -38.39% since the year began. Nevertheless, the stocks have fallen -39.32% over the past one year. While a 52-week high of $84.77 was reached on 03/29/22, a 52-week low of $40.21 was recorded on 10/13/22. SMA at 50 days reached $43.60, while 200 days put it at $53.83. A total of 0.94 million shares were traded, compared to the trading of 1.33 million shares in the previous session.

Levels Of Support And Resistance For CGNX Stock

The 24-hour chart illustrates a support level at 46.51, which if violated will result in even more drops to 45.10. On the upside, there is a resistance level at 48.61. A further resistance level may holdings at 49.31. The Relative Strength Index (RSI) on the 14-day chart is 60.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.38%. Stochastics %K at 59.71% indicates the stock is a holding.

How much short interest is there in Cognex Corporation?

A steep rise in short interest was recorded in Cognex Corporation stocks on Jul 14, 2022, growing by 1.24 million shares to a total of 5.79 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.55 million shares. There was a rise of 21.42%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.76% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.68.

Cognex Corporation [CGNX] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 15,472,444 shares, or roughly 8.92% of the outstanding CGNX shares. In other words, the investor’s shares have risen by 105,086 from its previous 13-F filing of 15367358.0. Additionally, BlackRock Fund Advisors decreased -4.08% of its stake after which the total value it holdings stand at $581,759,123, while Walter Scott & Partners Ltd. added 0.08% of its stake to hold $348.26 million in the firm. Over the last quarter, Brown Capital Management LLC purchased 157,548 shares of Cognex Corporation, while SSgA Funds Management, Inc. bought -267,597 shares. At present, T. Rowe Price Associates, Inc. is holding 5,449,835 shares valued at $225.9 million. AllianceBernstein LP owned 4,425,498 shares of the company at the time of its most recent 13F filing, worth $183.44 million.

According to FactSet, Cognex Corporation’s share price will average $50.65 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.95 percent from its previous closing price of $46.04. Analysts expect Cognex Corporation stock to reach the higher price of $65.00, while the lowest price estimate is $40.00.

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