Cogent Communications Holdings, Inc. (NASDAQ:CCOI – Get Free Report) CFO Thaddeus Gerard Weed sold 4,850 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $9.37, for a total value of $45,444.50. Following the completion of the sale, the chief financial officer owned 193,050 shares in the company, valued at $1,808,878.50. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Thaddeus Gerard Weed also recently made the following trade(s):
- On Tuesday, June 16th, Thaddeus Gerard Weed sold 4,850 shares of Cogent Communications stock. The shares were sold at an average price of $16.79, for a total value of $81,431.50.
Cogent Communications Stock Performance
Cogent Communications stock traded down $0.78 during trading on Thursday, reaching $9.44. 319,811 shares of the company’s stock were exchanged, compared to its average volume of 1,310,279. The firm has a market cap of $483.48 million, a price-to-earnings ratio of -9.79 and a beta of 0.77. The company’s 50-day moving average is $11.68 and its two-hundred day moving average is $16.70. Cogent Communications Holdings, Inc. has a 52-week low of $8.88 and a 52-week high of $45.69.
Cogent Communications Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, August 21st. Cogent Communications’s dividend payout ratio (DPR) is -8.33%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Cogent Communications from $18.00 to $12.00 and set a “sector perform” rating for the company in a research report on Thursday, August 13th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $9.00 price objective (down from $22.00) on shares of Cogent Communications in a research note on Wednesday, August 19th. Wall Street Zen upgraded Cogent Communications from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Citigroup reduced 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, TD Cowen lowered their price objective on Cogent Communications from $34.00 to $30.00 and set a “buy” rating for the company 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.55.
Get Our Latest Report on Cogent Communications
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in Cogent Communications in the 2nd quarter worth approximately $26,000. Parallel Advisors LLC boosted its position in Cogent Communications by 208.6% during the 1st quarter. Parallel Advisors LLC now owns 1,432 shares of the technology company’s stock worth $27,000 after acquiring an additional 968 shares during the period. Quarry LP acquired a new position in Cogent Communications during the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Cogent Communications in the fourth quarter worth $28,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Cogent Communications by 313.9% during the fourth quarter. Hantz Financial Services Inc. now owns 1,486 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,127 shares in the last quarter. 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:
- Neutral Sentiment: Cogent CEO Dave Schaeffer is scheduled to present at three upcoming investor conferences, including Goldman Sachs’ Communacopia + Technology Conference. The events could provide an opportunity for management to address growth, demand and balance-sheet concerns, but no new business update was disclosed. Cogent Communications CEO to Present at Three Upcoming Conferences
- Negative Sentiment: Multiple law firms are publicizing a securities class action against Cogent and certain officers. The complaints allege that the company misrepresented demand for its optical-wavelength business by emphasizing a backlog that allegedly was unlikely to convert into paying revenue. The litigation also raises questions about undisclosed demand and backlog issues, dividend sustainability and potential forced-sale risks. These allegations remain unproven. Cogent Communications Holdings Securities Fraud Class Action
- Negative Sentiment: Investors who purchased CCOI shares between February 29, 2024, and May 1, 2026, are being urged to seek lead-plaintiff status by September 21, 2026. Repeated notices from Rosen, Kaplan Fox, Hagens Berman, Bernstein Liebhard, Levi & Korsinsky and other firms amplify the visibility of the allegations and could increase potential legal costs or settlement exposure, although the notices themselves do not establish liability. Cogent Communications Holdings Sued for Securities Law Violations
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.
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