COGNITION THERAPEUTICS INC
CGTX · Biological Products, (No Diagnostic Substances) · 89.5M shares · +197%/yr ↑ dilution · EDGAR filings ↗
Reference price $1.13 · est. market cap ~$101M — last insider purchase, 2026-04-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D42Clinical/early-stage biotech — Alzheimer's clinical, funded.
Strengths
- Liquidity — current ratio 3.4 (40th)
Risks
- Pre-revenue, deep losses — per metrics
- Pre-revenue/clinical-stage — history of losses & need for capital per risk factors
- Binary clinical & funding risk — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +197%/yr over 4y (dilution, book value/share -99%)
- Insider buyingInsider buying — 3 open-market buy(s) by 3 insider(s) (cluster of 3 insiders, last 6mo) Form 4 ↗
- Notable holderHeld by 4 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, STATE STREET CORP, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)
Key metrics
Return on equity
-68.5%
Return on assets
-48.5%
Current ratio
3.4×
EBITDA
-$48M
Tangible book value
$34M
Cash & investments
$37M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-17 | Monia Brett P | Grant | 25K | — |
| 2026-06-17 | Khattar Jack A. | Grant | 25K | — |
| 2026-06-17 | Wallace Peggy | Grant | 25K | — |
| 2026-06-17 | RICHSTONE ELLEN B | Grant | 25K | — |
| 2026-06-17 | Fletcher Aaron G.L. | Grant | 25K | — |
| 2026-05-01 | Doyle John Brendan | Tax withheld | 8.6K | $1.28 |
| 2026-04-16 | Doyle John Brendan | Buy | 10K | $1.13 |
| 2026-04-16 | Ricciardi Lisa | Buy | 9.2K | $1.10 |
| 2026-04-16 | Caggiano Anthony | Buy | 10K | $1.11 |
| 2026-02-15 | Doyle John Brendan | Tax withheld | 1.6K | $1.12 |
| 2026-02-15 | Ricciardi Lisa | Tax withheld | 5.8K | $1.12 |
| 2026-02-15 | Caggiano Anthony | Tax withheld | 4.7K | $1.12 |
| 2026-02-04 | Caggiano Anthony | Tax withheld | 27K | $1.03 |
| 2026-02-04 | Ricciardi Lisa | Tax withheld | 52K | $1.03 |
| 2026-02-04 | Doyle John Brendan | Tax withheld | 27K | $1.03 |
| 2026-02-03 | Doyle John Brendan | Grant | 200K | — |
| 2026-02-03 | Ricciardi Lisa | Grant | 800K | — |
| 2026-02-03 | Caggiano Anthony | Grant | 400K | — |
| 2026-02-03 | Ricciardi Lisa | Tax withheld | 26K | $1.12 |
| 2026-02-03 | Caggiano Anthony | Tax withheld | 11K | $1.12 |
| 2025-12-18 | Doyle John Brendan | Grant | 30K | — |
| 2025-12-18 | Ricciardi Lisa | Grant | 75K | — |
| 2025-12-18 | Ricciardi Lisa | Tax withheld | 23K | $1.50 |
| 2025-12-18 | Caggiano Anthony | Grant | 65K | — |
| 2025-12-18 | Caggiano Anthony | Tax withheld | 20K | $1.50 |
| 2025-12-18 | Doyle John Brendan | Tax withheld | 9.4K | $1.50 |
| 2025-09-19 | Fletcher Aaron G.L. | Option exercise | 7.7K | $0.84 |
| 2025-07-29 | Caggiano Anthony | Tax withheld | 20K | $0.67 |
| 2025-07-29 | Doyle John Brendan | Grant | 30K | — |
| 2025-07-29 | Caggiano Anthony | Grant | 65K | — |
| 2025-07-29 | Ricciardi Lisa | Grant | 75K | — |
| 2025-07-29 | Ricciardi Lisa | Tax withheld | 23K | $0.67 |
| 2025-07-29 | Doyle John Brendan | Tax withheld | 9.4K | $0.67 |
| 2025-06-18 | Kreis Leslie W. | Grant | 34K | — |
| 2025-06-18 | Khattar Jack A. | Grant | 34K | — |
| 2025-06-18 | Wallace Peggy | Grant | 34K | — |
| 2025-06-18 | RICHSTONE ELLEN B | Grant | 34K | — |
| 2025-06-18 | Monia Brett P | Grant | 34K | — |
| 2025-06-18 | Fletcher Aaron G.L. | Grant | 34K | — |
| 2025-05-01 | Doyle John Brendan | Tax withheld | 9.7K | $0.45 |
| 2025-02-15 | Ricciardi Lisa | Tax withheld | 6.6K | $0.59 |
| 2025-02-15 | Caggiano Anthony | Tax withheld | 5.3K | $0.59 |
| 2025-02-15 | Doyle John Brendan | Tax withheld | 1.7K | $0.59 |
| 2025-02-04 | Ricciardi Lisa | Grant | 631K | — |
| 2025-02-04 | Caggiano Anthony | Grant | 295K | — |
| 2025-02-04 | Doyle John Brendan | Grant | 295K | — |
| 2025-02-03 | Ricciardi Lisa | Tax withheld | 29K | $0.67 |
| 2025-02-03 | Caggiano Anthony | Tax withheld | 13K | $0.67 |
| 2025-01-31 | Ricciardi Lisa | Buy | 39K | $0.77 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-24 | 2026-06-24 | 0001104659-26-077060 ↗ |
| 8-K | 2026-06-18 | 2026-06-17 | 0001104659-26-075442 ↗ |
| 8-K | 2026-06-04 | 2026-06-04 | 0001104659-26-070345 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0001104659-26-064863 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001104659-26-057545 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001104659-26-057186 ↗ |
| 10-K | 2026-03-26 | 2025-12-31 | 0001104659-26-034880 ↗ |
| 8-K | 2026-03-26 | 2026-03-26 | 0001104659-26-034876 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001104659-26-021904 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0001104659-26-006813 ↗ |
| 8-K | 2025-12-18 | 2025-12-16 | 0001104659-25-122555 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001104659-25-107402 ↗ |