Insider Selling: Cogent Communications (NASDAQ:CCOI) Director Sells $75,867.00 in Stock

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Director Sheryl Lynn Kennedy sold 3,300 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $22.99, for a total transaction of $75,867.00. Following the sale, the director owned 10,100 shares in the company, valued at $232,199. This represents a 24.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Cogent Communications Stock Performance

Shares of NASDAQ:CCOI opened at $23.07 on Friday. Cogent Communications Holdings, Inc. has a 1 year low of $15.96 and a 1 year high of $72.68. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -6.06 and a beta of 0.84. The company has a debt-to-equity ratio of 49.06, a current ratio of 2.04 and a quick ratio of 2.04. The company’s 50 day simple moving average is $23.06 and its 200 day simple moving average is $29.02.

Cogent Communications (NASDAQ:CCOI) last released its earnings results on Friday, February 20th. The technology company reported ($0.64) earnings per share for the quarter, topping the consensus estimate of ($1.09) by $0.45. The firm had revenue of $240.52 million during the quarter, compared to analysts’ expectations of $243.82 million. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 18.67%.The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.91) earnings per share. As a group, research analysts predict that Cogent Communications Holdings, Inc. will post -4.55 EPS for the current fiscal year.

Cogent Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, March 6th. Cogent Communications’s dividend payout ratio is currently -2.10%.

Institutional Investors Weigh In On Cogent Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new position in Cogent Communications in the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cogent Communications during the fourth quarter valued at about $28,000. Hantz Financial Services Inc. grew its holdings in shares of Cogent Communications by 313.9% during the fourth quarter. Hantz Financial Services Inc. now owns 1,486 shares of the technology company’s stock worth $32,000 after purchasing an additional 1,127 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Cogent Communications during the second quarter worth about $40,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Cogent Communications in the fourth quarter valued at approximately $43,000. Institutional investors own 92.45% of the company’s stock.

Cogent Communications News Roundup

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company decreased their target price on Cogent Communications from $27.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday. Royal Bank Of Canada dropped their target price on shares of Cogent Communications from $40.00 to $23.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Zacks Research upgraded shares of Cogent Communications from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. KeyCorp decreased their price target on shares of Cogent Communications from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Finally, Citigroup lowered their price objective on shares of Cogent Communications from $33.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.78.

Cogent Communications Company Profile

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.