Insider Selling: Cogent Communications (NASDAQ:CCOI) CFO Sells 4,850 Shares of Stock

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) CFO Thaddeus Gerard Weed sold 4,850 shares of Cogent Communications stock in a transaction 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 transaction, the chief financial officer owned 202,750 shares in the company, valued at approximately $4,588,232.50. This trade represents a 2.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Cogent Communications Price Performance

CCOI traded down $0.32 on Thursday, hitting $22.77. 1,424,641 shares of the company’s stock traded hands, compared to its average volume of 1,205,131. 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 simple moving average is $23.04 and its 200-day simple moving average is $29.22. Cogent Communications Holdings, Inc. has a one year low of $15.96 and a one year high of $72.68. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -5.98 and a beta of 0.84.

Cogent Communications (NASDAQ:CCOI) last announced its quarterly earnings results on Friday, February 20th. The technology company reported ($0.64) EPS for the quarter, beating analysts’ consensus estimates of ($1.09) by $0.45. The company had revenue of $240.52 million during the quarter, compared to analyst estimates of $243.82 million. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 18.67%.The firm’s 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 anticipate that Cogent Communications Holdings, Inc. will post -4.55 EPS for the current year.

Cogent Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given 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 0.4%. Cogent Communications’s dividend payout ratio (DPR) is currently -2.10%.

Hedge Funds Weigh In On Cogent Communications

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Cogent Communications by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 5,580,271 shares of the technology company’s stock valued at $120,311,000 after acquiring an additional 217,450 shares in the last quarter. Turtle Creek Asset Management Inc. lifted its stake in shares of Cogent Communications by 64.9% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 4,603,933 shares of the technology company’s stock worth $176,561,000 after purchasing an additional 1,811,222 shares during the last quarter. EdgePoint Investment Group Inc. boosted its position in Cogent Communications by 13.3% during the second quarter. EdgePoint Investment Group Inc. now owns 2,279,440 shares of the technology company’s stock valued at $109,892,000 after purchasing an additional 267,143 shares in the last quarter. State Street Corp grew its stake in Cogent Communications by 6.8% in the fourth quarter. State Street Corp now owns 2,070,132 shares of the technology company’s stock valued at $44,632,000 after purchasing an additional 132,454 shares during the last quarter. Finally, Park West Asset Management LLC bought a new position in Cogent Communications in the fourth quarter worth about $30,380,000. 92.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on CCOI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Cogent Communications in a research report on Monday, December 22nd. KeyCorp reduced their target price on Cogent Communications from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. JPMorgan Chase & Co. lowered their target price on shares of Cogent Communications from $37.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. The Goldman Sachs Group reduced their price target on shares of Cogent Communications from $40.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Oppenheimer lowered their price objective on shares of Cogent Communications from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.78.

Key Stories Impacting Cogent Communications

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

• Positive Sentiment: Management participated in investor conferences this week (Morgan Stanley and J.P. Morgan), providing refreshed guidance/visibility to investors and giving analysts and active holders fresh transcripts to parse for outlook details. Cogent Presents at Morgan Stanley Tech, Media & Telecom Conference 2026 Transcript Cogent Presents at J.P. Morgan 2026 Global Leveraged Finance Conference Transcript
• Neutral Sentiment: Media/analysis pieces looking at Cogent’s recent volatility, dividend signaling and valuation give investors context but contain mixed conclusions — useful for long-term thesis work but not an immediate catalyst. Does Cogent (CCOI) Pairing Losses With A Dividend Recast Its Capital Discipline And Governance Story? A Look At Cogent Communications Holdings (CCOI) Valuation After Recent Share Price Volatility
• Neutral Sentiment: Published short‑interest data in this feed shows “0 shares” and NaN changes; that appears to be a reporting/data error and does not indicate a meaningful change in short-seller pressure. (Treat short‑interest signals as unreliable until corrected.)
• Negative Sentiment: Multiple insider sales today: CFO Thaddeus Weed sold 4,850 shares (~$22.63 avg) and directors Sheryl Kennedy and Lewis Ferguson sold 3,300 and 2,206 shares respectively — these disposals materially reduced insider stakes and are being read as a near-term negative signal by traders. SEC filings: Form 4 – Weed Form 4 – Kennedy Form 4 – Ferguson
• Negative Sentiment: Wells Fargo cut its price target from $27 to $23 and kept an “equal weight” rating — a downgrade in expectations that reduces upside in dealer research and likely contributed to selling pressure. Wells Fargo Lowers Price Target on CCOI

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.