Cogent Communications (NASDAQ:CCOI) VP Henry Kilmer Sells 2,400 Shares

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) VP Henry Kilmer sold 2,400 shares of Cogent Communications stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $9.21, for a total value of $22,104.00. Following the transaction, the vice president owned 36,200 shares of the company’s stock, valued at $333,402. The trade was a 6.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Cogent Communications Stock Down 0.9%

Shares of NASDAQ CCOI opened at $9.24 on Wednesday. The business’s 50 day moving average price is $11.05 and its two-hundred day moving average price is $15.85. The company has a market cap of $473.27 million, a PE ratio of -9.62 and a beta of 0.77. Cogent Communications Holdings, Inc. has a twelve month low of $8.60 and a twelve month high of $45.69.

Cogent Communications (NASDAQ:CCOI) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.00) by $2.38. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 4.73%.The company had revenue of $235.56 million during the quarter, compared to analysts’ expectations of $239.55 million. During the same period last year, the firm posted ($1.21) earnings per share. The business’s revenue was down 4.4% on a year-over-year basis. As a group, research analysts anticipate that Cogent Communications Holdings, Inc. will post -3.01 EPS for the current fiscal year.

Cogent Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a $0.02 dividend. The ex-dividend date was Friday, August 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.9%. Cogent Communications’s dividend payout ratio is -8.33%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Cogent Communications in a research report on Monday, August 17th. Wells Fargo & Company reduced their target price on Cogent Communications from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, August 7th. Wall Street Zen raised Cogent Communications from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Citigroup dropped their price objective on Cogent Communications from $20.00 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, August 13th. Finally, KeyCorp reduced their price objective on Cogent Communications from $25.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.55.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in Cogent Communications in the 2nd quarter valued at approximately $26,000. Parallel Advisors LLC lifted its holdings in shares of Cogent Communications by 208.6% during the first quarter. Parallel Advisors LLC now owns 1,432 shares of the technology company’s stock worth $27,000 after purchasing an additional 968 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cogent Communications in the fourth quarter worth $28,000. Hantz Financial Services Inc. grew its stake in shares of Cogent Communications by 313.9% in 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. Finally, Nykredit A S acquired a new stake in Cogent Communications in the second quarter valued at $32,000. 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: No new business, earnings, or operational developments were reported that would provide a clear positive catalyst for CCOI.
• Neutral Sentiment: Multiple law firms reminded investors that September 21, 2026 is the deadline to seek lead-plaintiff status in a pending securities class action covering purchases from February 29, 2024, through May 1, 2026. The announcements are largely duplicative and do not represent separate lawsuits or new findings. Cogent Communications Deadline
• Negative Sentiment: The legal complaints reportedly focus on allegations that Cogent misrepresented its ability to convert the former Sprint voice network into a wavelength-optimized platform, including extended provisioning cycles and weakening demand or backlog. Investor notices also reference an alleged backlog collapse, a dividend reduction, and significant shareholder losses. These are allegations, not established facts, but the litigation creates legal, financial, and reputational uncertainty for the company. CCOI Shareholder Alert
• Negative Sentiment: Cogent Vice President Henry Kilmer sold 2,400 shares at an average price of $9.21, reducing his direct ownership by 6.22%. Although the transaction was relatively small, insider selling can add to investor caution when the stock is already weak. SEC Form 4 filing
• Negative Sentiment: Underlying financial concerns remain: recent quarterly revenue declined year over year, the company posted a negative net margin, and analysts expect a full-year loss. Together with the litigation headlines and insider sale, these factors likely explain the continued bearish tone surrounding CCOI.

Cogent Communications Company Profile

Cogent Communications Holdings, Inc is a telecommunications company that provides high-speed Internet connectivity and other communications services to businesses, service providers and other organizations. Through its wholly owned subsidiary, Cogent Communications, the company operates a global, facilities-based network designed to deliver reliable data transport and Internet access.

Cogent’s primary services include dedicated Internet access, IP transit, Ethernet transport and colocation.