Insider Selling: Cogent Communications (NASDAQ:CCOI) VP Sells $22,104.00 in Stock

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) VP Henry Kilmer sold 2,400 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $9.21, for a total transaction of $22,104.00. Following the completion of the sale, the vice president directly owned 36,200 shares of the company’s stock, valued at $333,402. This represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Cogent Communications Price Performance

CCOI opened at $9.21 on Friday. The firm has a market cap of $471.74 million, a P/E ratio of -9.59 and a beta of 0.77. Cogent Communications Holdings, Inc. has a 1-year low of $8.56 and a 1-year high of $45.69. The company has a 50 day simple moving average of $10.91 and a two-hundred day simple moving average of $15.71.

Cogent Communications (NASDAQ:CCOI) last issued its earnings results on Thursday, August 6th. The technology company reported $1.38 earnings per share for the quarter, topping the consensus estimate of ($1.00) by $2.38. The company had revenue of $235.56 million during the quarter, compared to the consensus estimate of $239.55 million. Cogent Communications had a negative net margin of 4.73% and a negative return on equity of 842.48%. Cogent Communications’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.21) EPS. Equities analysts anticipate that Cogent Communications Holdings, Inc. will post -3.01 earnings per share for the current year.

Cogent Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were given a dividend of $0.02 per share. The ex-dividend date was Friday, August 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.9%. Cogent Communications’s dividend payout ratio (DPR) is currently -8.33%.

Institutional Trading of Cogent Communications

A number of large investors have recently added to or reduced their stakes in CCOI. Turtle Creek Asset Management Inc. boosted its position in shares of Cogent Communications by 7.7% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 4,348,897 shares of the technology company’s stock valued at $81,933,000 after acquiring an additional 312,050 shares during the last quarter. Newtyn Management LLC increased its position in Cogent Communications by 3.5% in the second quarter. Newtyn Management LLC now owns 1,655,895 shares of the technology company’s stock worth $22,984,000 after purchasing an additional 55,895 shares during the last quarter. Harspring Capital Management LLC increased its position in Cogent Communications by 60.3% in the fourth quarter. Harspring Capital Management LLC now owns 1,402,500 shares of the technology company’s stock worth $30,238,000 after purchasing an additional 527,500 shares during the last quarter. Magnolia Group LLC raised its stake in Cogent Communications by 3.5% during the first quarter. Magnolia Group LLC now owns 1,290,204 shares of the technology company’s stock valued at $24,307,000 after purchasing an additional 43,867 shares in the last quarter. Finally, CenterBook Partners LP raised its stake in Cogent Communications by 254.5% during the fourth quarter. CenterBook Partners LP now owns 601,735 shares of the technology company’s stock valued at $12,973,000 after purchasing an additional 431,974 shares in the last quarter. Institutional investors own 92.45% of the company’s stock.

Key Stories Impacting Cogent Communications

Here are the key news stories impacting Cogent Communications this week:

• Neutral Sentiment: Several law firms issued substantially similar notices regarding a pending federal securities lawsuit covering investors who purchased Cogent securities from February 29, 2024, through May 1, 2026. The announcements primarily repeat the lead-plaintiff deadline rather than disclose a new court finding. Securities class action notice
• Negative Sentiment: The allegations reportedly involve disclosures about wavelength demand and backlog, the conversion of the former Sprint voice network, dividend sustainability, and potential forced-sale risks tied to insider share pledges. These remain allegations, but the litigation adds legal, financial, and reputational uncertainty. Cogent securities fraud allegations
• Negative Sentiment: Vice President Henry Kilmer sold 2,400 shares for approximately $22,104, reducing his ownership by 6.22%. The relatively small transaction is not decisive on its own, but insider selling may reinforce cautious sentiment. SEC insider transaction filing
• Negative Sentiment: Cogent’s latest reported quarter showed revenue down 4.4% year over year to $235.6 million, a negative net margin, and analyst expectations for a full-year loss. Analysts have also cut several price targets, although the consensus rating remains “Hold.”
• Neutral Sentiment: The company continues to pay a quarterly dividend of $0.02 per share, but its annualized yield is below 1% and the payout ratio is negative because Cogent remains unprofitable. No new operating or earnings catalyst was reported in these updates.

Analysts Set New Price Targets

CCOI has been the subject of several recent analyst reports. Citigroup dropped their price target on Cogent Communications from $20.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday, August 13th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $9.00 target price (down from $22.00) on shares of Cogent Communications in a report on Wednesday, August 19th. Wall Street Zen upgraded shares of Cogent Communications from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. KeyCorp cut their target price on shares of Cogent Communications from $25.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Cogent Communications in a report on Monday, August 17th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Cogent Communications has an average rating of “Hold” and a consensus target price of $19.55.

Cogent Communications Company Profile

Cogent Communications Holdings, Inc is a telecommunications company that provides high-speed Internet connectivity and other communications services to businesses, service providers and other organizations. Through its wholly owned subsidiary, Cogent Communications, the company operates a global, facilities-based network designed to deliver reliable data transport and Internet access.

Cogent’s primary services include dedicated Internet access, IP transit, Ethernet transport and colocation.