Framework Journal · one stock, one dated entry

Recorded 2026-05-15 · Permanent

Cognizant logoCognizant CTSH

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

The label
Distribution

read at $53.21

Cognizant holds its Distribution at $53.21.

PHINPOOPSC
  • PHPhase · the trend structure carries the Distribution label
  • INInsiders · insiders sold, $7,398, latest filing 2026-05-18
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-05-15
PhaseDistribution · caution
Quantitative stateThe statistical read favours the sellers, held for 24 days
Price$53.21
Valuation10.13 trailing · 7.58 forward price to earnings
Values screenPASS · score 88.8
Beta0.80

The trader read · the latest dated commentary

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials (89). The risk-adjusted return profile shows negative risk-adjusted returns. Entered 2026-07-03 · Distribution

The dated journal · newest first, never edited

2026-07-03 Distribution $53.21 +0.0% Entry 2

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials (89). The risk-adjusted return profile shows negative risk-adjusted returns.

2026-07-02 Distribution $53.21 Entry 1

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with strong ethical credentials (89). The risk-adjusted return profile shows negative risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The insider ledger · Form 4 filings, as filed

Most recent filings · CTSH
DateInsiderTitleTypeSharesValue
2026-05-18 KERDMAN ALINA Officer 154 $7,398
2026-04-02 KERDMAN ALINA Officer 194 $11,890
2026-04-01 KERDMAN ALINA Officer 207 ·
2026-03-16 KERDMAN ALINA Officer 131 $7,962
2026-03-13 SINGISETTI RAVI KUMAR Chief Executive Officer 69,081 ·
2026-03-13 AYYAR BALU GANESH Officer 8,619 ·
2026-03-13 KIM JOHN SUNSHIN Officer 12,619 ·
2026-03-13 GUMMADI SURYA KUMARI Officer 12,353 ·
2026-03-13 DIAZ KATHRYN Officer 4,587 ·
2026-03-13 DALAL JATIN PRAVINCHANDRA Chief Financial Officer 31,340 ·

Public filings, recorded as found. The full tape lives at Insider Intelligence.

The political ledger · congressional disclosures

Disclosures naming CTSH
DatePoliticianPartyTypeAmount
2026-04-13 Ro Khanna Democrat Sale 15K–50K
15 May2026 Ro Khanna Democrat buy 1K–15K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $48.91 +6.0% $0.33 $1,066 +6.6%
2 months $57.51 -9.9% $0.33 $907 -9.3%
3 months $60.75 -14.7% $0.33 $859 -14.1%
6 months $82.81 -37.4% $0.66 $634 -36.6%
1 year $79.37 -34.7% $1.28 $669 -33.1%
2 years $64.87 -20.1% $2.50 $837 -16.3%
3 years $58.88 -12.0% $3.68 $943 -5.7%
5 years $65.58 -21.0% $5.82 $879 -12.1%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever CTSH does next, these words stay.

Cognizant · CTSH · Distribution · $53.21
Recorded 2026-05-15 · before the outcome · scored mechanically

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