Insider Selling: Cogent Communications (NASDAQ:CCOI) Director Sells $50,804.18 in Stock

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Director Lewis Ferguson sold 2,206 shares of Cogent Communications stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $23.03, for a total transaction of $50,804.18. Following the completion of the transaction, the director directly owned 20,449 shares in the company, valued at $470,940.47. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Cogent Communications Stock Performance

CCOI stock traded down $0.32 during trading on Thursday, hitting $22.77. The company had a trading volume of 1,424,641 shares, compared to its average volume of 1,205,131. The firm has a 50-day moving average price of $23.04 and a 200-day moving average price of $29.22. Cogent Communications Holdings, Inc. has a 1-year low of $15.96 and a 1-year high of $72.68. The firm has a market cap of $1.14 billion, a PE ratio of -5.98 and a beta of 0.84. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 49.06.

Cogent Communications (NASDAQ:CCOI) last released its quarterly earnings results on Friday, February 20th. The technology company reported ($0.64) EPS for the quarter, topping the consensus estimate of ($1.09) by $0.45. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.91) earnings per share. On average, analysts expect that Cogent Communications Holdings, Inc. will post -4.55 earnings per share for the current year.

Cogent Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, March 6th. This represents a $0.08 annualized dividend and a yield of 0.4%. Cogent Communications’s payout ratio is presently -2.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. TD Cowen reaffirmed a “buy” rating on shares of Cogent Communications in a research note on Monday, February 23rd. UBS Group reissued a “neutral” rating and set a $27.00 price objective (down from $50.00) on shares of Cogent Communications in a report on Friday, November 7th. KeyCorp lowered their target price on shares of Cogent Communications from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. 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. Finally, JPMorgan Chase & Co. decreased 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. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Cogent Communications currently has a consensus rating of “Hold” and an average target price of $26.78.

Institutional Investors Weigh In On Cogent Communications

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Turtle Creek Asset Management Inc. lifted its position 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. Park West Asset Management LLC acquired a new position in shares of Cogent Communications during the fourth quarter worth approximately $30,380,000. Bank of America Corp DE boosted its position in shares of Cogent Communications by 551.2% in the third quarter. Bank of America Corp DE now owns 1,146,417 shares of the technology company’s stock valued at $43,965,000 after acquiring an additional 970,367 shares during the period. MIG Capital LLC acquired a new stake in shares of Cogent Communications in the fourth quarter worth $12,272,000. Finally, First Trust Advisors LP increased its position in Cogent Communications by 86.8% during the fourth quarter. First Trust Advisors LP now owns 1,177,398 shares of the technology company’s stock worth $25,385,000 after acquiring an additional 547,188 shares during the period. 92.45% of the stock is owned by institutional investors and hedge funds.

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

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.