Cogent Communications Holdings, Inc. (NASDAQ:CCOI) VP Timothy G. Oneill sold 2,000 shares of Cogent Communications Holdings stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $48.75, for a total transaction of $97,500.00. Following the completion of the transaction, the vice president now directly owns 39,052 shares of the company’s stock, valued at $1,903,785. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Cogent Communications Holdings, Inc. (NASDAQ CCOI) opened at 51.35 on Thursday. Cogent Communications Holdings, Inc. has a 1-year low of $34.23 and a 1-year high of $51.85. The firm’s 50-day moving average is $46.41 and its 200-day moving average is $43.00. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 146.71 and a beta of 0.66.

Cogent Communications Holdings (NASDAQ:CCOI) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $119.80 million for the quarter, compared to analyst estimates of $120.23 million. During the same quarter last year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate that Cogent Communications Holdings, Inc. will post $0.47 EPS for the current year.

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A number of large investors have recently modified their holdings of CCOI. BlackRock Inc. grew its holdings in Cogent Communications Holdings by 125,208.8% during the 1st quarter. BlackRock Inc. now owns 4,955,963 shares of the technology company’s stock worth $213,356,000 after acquiring an additional 4,952,008 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Cogent Communications Holdings during the 2nd quarter worth about $10,759,000. First Trust Advisors LP grew its holdings in Cogent Communications Holdings by 23.0% during the 2nd quarter. First Trust Advisors LP now owns 1,413,588 shares of the technology company’s stock worth $56,685,000 after acquiring an additional 264,597 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Cogent Communications Holdings by 13.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,058,600 shares of the technology company’s stock worth $82,550,000 after acquiring an additional 245,100 shares during the last quarter. Finally, River Road Asset Management LLC bought a new stake in Cogent Communications Holdings during the 2nd quarter worth about $8,800,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 price target on shares of Cogent Communications Holdings in a report on Monday, September 18th. Off Wall Street assumed coverage on shares of Cogent Communications Holdings in a research note on Monday, July 31st. They set a “sell” rating and a $29.00 target price for the company. Cowen and Company reissued a “hold” rating and set a $42.00 target price on shares of Cogent Communications Holdings in a research note on Friday, July 28th. BidaskClub lowered shares of Cogent Communications Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Cogent Communications Holdings currently has an average rating of “Hold” and an average target price 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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