Cogent Communications (NASDAQ:CCOI) CFO Sells $109,755.50 in Stock

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) CFO Thaddeus Gerard Weed sold 4,850 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $22.63, for a total transaction of $109,755.50. Following the completion of the transaction, the chief financial officer directly owned 202,750 shares of the company’s stock, valued at $4,588,232.50. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cogent Communications Stock Up 1.3%

NASDAQ:CCOI opened at $23.07 on Friday. The company has a market cap of $1.15 billion, a PE ratio of -6.06 and a beta of 0.84. Cogent Communications Holdings, Inc. has a twelve month low of $15.96 and a twelve month high of $72.68. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 49.06. The company’s 50 day moving average is $23.06 and its two-hundred day moving average is $29.02.

Cogent Communications (NASDAQ:CCOI) last issued its quarterly earnings results on Friday, February 20th. The technology company reported ($0.64) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.09) by $0.45. Cogent Communications had a negative net margin of 18.67% and a negative return on equity of 842.48%. The business had revenue of $240.52 million for the quarter, compared to analyst estimates of $243.82 million. During the same quarter in the prior year, the business posted ($0.91) EPS. Cogent Communications’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts anticipate that Cogent Communications Holdings, Inc. will post -4.55 EPS for the current year.

Cogent Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a $0.02 dividend. The ex-dividend date is Friday, March 6th. This represents a $0.08 dividend on an annualized basis and a yield of 0.3%. Cogent Communications’s dividend payout ratio (DPR) is -2.10%.

Key Headlines Impacting Cogent Communications

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

• Positive Sentiment: Quarterly dividend announced — Cogent declared a $0.02 quarterly dividend (record March 6; payable March 20), signaling management willingness to return cash and providing a modest yield (~0.3%). That income signal likely supports buying interest from yield‑sensitive investors. Dividend/Stock Report
• Positive Sentiment: Recent quarterly results beat EPS estimates — Cogent reported ($0.64) EPS vs. consensus ($1.09) loss estimate, a smaller-than-expected loss that can support short-term buying despite revenue decline year-over-year. Earnings Summary
• Neutral Sentiment: Investor / institutional position notes — Large institutions (Vanguard, ProShare Advisors, Geode, others) remain major holders and have added shares in past quarters, which provides structural support but is not new catalyst news. Institutional Holdings
• Neutral Sentiment: Conference presentation / analysis pieces — Cogent presented at the Morgan Stanley TMT conference (transcript available) and has recent valuation/analysis articles on Yahoo/Seeking Alpha examining the dividend and capital allocation; these provide context but no immediate new financials. Conference Transcript Yahoo Analysis
• Neutral Sentiment: Short-interest data appears anomalous — Recent reports show 0 shares short with a 0.0 days-to-cover figure; this looks like a reporting anomaly and should not be treated as a genuine change in bearish positioning.
• Negative Sentiment: Insider selling — CFO and directors sold shares — Multiple Form 4 filings show sales: CFO Thaddeus G. Weed sold 4,850 shares (~$22.63 avg) and directors Sheryl Kennedy (3,300 shares) and Lewis H. Ferguson (2,206 shares) also sold in early March. Clustered insider sales can pressure sentiment and be read as insiders reducing exposure. CFO Form 4 Director Kennedy Form 4 Director Ferguson Form 4
• Negative Sentiment: Analyst cuts / lower target — Wells Fargo trimmed its target to $23 and set an “equal weight” rating; other major firms have cut targets or trimmed upside over recent months. Lower targets and mixed analyst views can limit upside momentum. Analyst Note

Hedge Funds Weigh In On Cogent Communications

A number of institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of Cogent Communications in the third quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Cogent Communications during the fourth quarter valued at approximately $28,000. Hantz Financial Services Inc. raised its position in Cogent Communications by 313.9% during the fourth quarter. Hantz Financial Services Inc. now owns 1,486 shares of the technology company’s stock valued at $32,000 after acquiring an additional 1,127 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Cogent Communications in the second quarter valued at approximately $40,000. Finally, Kestra Advisory Services LLC acquired a new position in Cogent Communications in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CCOI. JPMorgan Chase & Co. dropped their price target on Cogent Communications from $37.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Oppenheimer decreased their target price on Cogent Communications from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, February 23rd. KeyCorp dropped their target price on Cogent Communications from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Wells Fargo & Company cut their price target on shares of Cogent Communications from $27.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, TD Cowen reissued a “buy” rating on shares of Cogent Communications in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cogent Communications currently has a consensus rating of “Hold” and an average target price of $26.78.

About Cogent Communications

Cogent Communications (NASDAQ:CCOI) is a multinational Internet service provider specializing in high-speed Internet access and data transport services. The company operates one of the largest Tier 1 IP networks in the world, offering wholesale and enterprise customers reliable, low-latency connectivity. Cogent’s core services include dedicated Internet access, Ethernet transport, wavelength services, and MPLS-based IP Virtual Private Networks, all delivered over its privately owned, fiber-optic backbone.

In addition to network connectivity, Cogent provides data center colocation and managed services designed to support businesses with demanding bandwidth and redundancy requirements.