Cogent Communications Holdings, Inc. (NASDAQ:CCOI) CRO James Bubeck sold 500 shares of Cogent Communications Holdings stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $43.56, for a total value of $21,780.00. Following the sale, the executive now owns 26,492 shares in the company, valued at $1,153,991.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

James Bubeck also recently made the following trade(s):

  • On Thursday, June 1st, James Bubeck sold 300 shares of Cogent Communications Holdings stock. The stock was sold at an average price of $39.87, for a total value of $11,961.00.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) traded up 0.92% on Monday, reaching $44.05. The company had a trading volume of 282,236 shares. The company has a 50-day moving average of $41.92 and a 200 day moving average of $41.70. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 125.86 and a beta of 0.74. Cogent Communications Holdings, Inc. has a one year low of $34.23 and a one year high of $45.25.

Cogent Communications Holdings (NASDAQ:CCOI) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.02. Cogent Communications Holdings had a negative return on equity of 27.66% and a net margin of 3.39%. The company had revenue of $119.80 million during the quarter, compared to analyst estimates of $120.23 million. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that Cogent Communications Holdings, Inc. will post $0.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.18%. This is a boost from Cogent Communications Holdings’s previous quarterly dividend of $0.44. The ex-dividend date is Wednesday, August 16th. Cogent Communications Holdings’s dividend payout ratio (DPR) is currently 488.89%.

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A number of large investors have recently added to or reduced their stakes in CCOI. BlackRock Inc. boosted its stake in Cogent Communications Holdings by 3.5% in the second quarter. BlackRock Inc. now owns 5,128,950 shares of the technology company’s stock worth $205,670,000 after buying an additional 172,987 shares in the last quarter. FMR LLC boosted its stake in Cogent Communications Holdings by 5.9% in the first quarter. FMR LLC now owns 3,118,604 shares of the technology company’s stock worth $134,256,000 after buying an additional 173,379 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Cogent Communications Holdings by 13.5% in the second quarter. Renaissance Technologies LLC now owns 2,058,600 shares of the technology company’s stock worth $82,550,000 after buying an additional 245,100 shares in the last quarter. Jennison Associates LLC boosted its stake in Cogent Communications Holdings by 13.1% in the second quarter. Jennison Associates LLC now owns 1,867,749 shares of the technology company’s stock worth $74,897,000 after buying an additional 215,940 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Cogent Communications Holdings by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,484,133 shares of the technology company’s stock worth $59,513,000 after buying an additional 150,328 shares in the last quarter. 94.29% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on CCOI shares. BidaskClub upgraded Cogent Communications Holdings from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Deutsche Bank AG reiterated a “buy” rating and issued a $48.00 price target (up from $47.00) on shares of Cogent Communications Holdings in a report on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price target on shares of Cogent Communications Holdings in a report on Sunday, July 9th. Cowen and Company reiterated a “hold” rating and issued a $42.00 price target on shares of Cogent Communications Holdings in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded Cogent Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $42.45.

About Cogent Communications Holdings

Cogent Communications Holdings, Inc is a facilities-based provider of Internet access and Internet Protocol (IP), communications services. The Company’s network is specifically designed and optimized to transmit data using IP. The Company delivers its services primarily to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations in North America, Europe and in Japan.

Insider Buying and Selling by Quarter for Cogent Communications Holdings (NASDAQ:CCOI)

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