Cogent Communications (NASDAQ:CCOI) CFO Sells $45,444.50 in Stock

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) CFO Thaddeus Gerard Weed sold 4,850 shares of Cogent Communications stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $9.37, for a total transaction of $45,444.50. Following the sale, the chief financial officer directly owned 193,050 shares of the company’s stock, valued at $1,808,878.50. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $81,431.50.

Cogent Communications Price Performance

Shares of Cogent Communications stock traded down $0.78 during midday trading on Thursday, hitting $9.44. 319,811 shares of the company were exchanged, compared to its average volume of 1,310,279. The firm has a 50 day simple moving average of $11.68 and a 200-day simple moving average of $16.70. Cogent Communications Holdings, Inc. has a 52 week low of $8.88 and a 52 week high of $45.69. The firm has a market cap of $483.48 million, a P/E ratio of -9.79 and a beta of 0.77.

Cogent Communications (NASDAQ:CCOI) last announced its earnings results on Thursday, August 6th. The technology company reported $1.38 EPS for the quarter, topping the consensus estimate of ($1.00) by $2.38. The company had revenue of $235.56 million for the quarter, compared to analysts’ expectations of $239.55 million. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 4.73%.The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.21) earnings per share. Equities research analysts expect that Cogent Communications Holdings, Inc. will post -3.01 earnings per share for the current year.

Cogent Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 21st. Cogent Communications’s dividend payout ratio is presently -8.33%.

Key Headlines Impacting Cogent Communications

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

Hedge Funds Weigh In On Cogent Communications

A number of large investors have recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec grew its stake in shares of Cogent Communications by 17.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,850 shares of the technology company’s stock worth $61,000 after acquiring an additional 425 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Cogent Communications by 10.3% in the first quarter. Empowered Funds LLC now owns 5,466 shares of the technology company’s stock worth $335,000 after purchasing an additional 510 shares in the last quarter. Quarry LP acquired a new position in Cogent Communications during the third quarter worth $27,000. Farther Finance Advisors LLC grew its position in Cogent Communications by 56.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,092 shares of the technology company’s stock valued at $45,000 after purchasing an additional 756 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Cogent Communications by 208.6% in the 1st quarter. Parallel Advisors LLC now owns 1,432 shares of the technology company’s stock valued at $27,000 after buying an additional 968 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CCOI shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $9.00 price target (down from $22.00) on shares of Cogent Communications in a report on Wednesday, August 19th. KeyCorp reduced their target price on Cogent Communications from $25.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Citigroup cut their price target on shares of Cogent Communications from $20.00 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, August 13th. UBS Group set a $9.00 price target on shares of Cogent Communications in a report on Wednesday, August 19th. Finally, Wells Fargo & Company lowered their price objective on shares of Cogent Communications from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cogent Communications presently has an average rating of “Hold” and a consensus target price of $19.55.

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.