Squarepoint Ops LLC Acquires 174,787 Shares of Cogent Communications Holdings, Inc. $CCOI

Key Points

• Squarepoint Ops LLC increased its Cogent Communications stake by 341.1% in the second quarter, acquiring 174,787 shares and bringing its total holdings to 226,035 shares worth approximately $3.14 million.
• Cogent’s stock opened at $9.33, near its 52-week low of $8.60, after quarterly revenue fell 4.4% year over year to $235.56 million. Analysts maintain a consensus “Hold” rating, with an average price target of $19.55, though several firms recently lowered their targets.
• The company faces ongoing investor litigation allegations related to overstated wavelength-services growth and weakening demand, while CFO Thaddeus Weed sold 4,850 shares. Cogent also paid a quarterly dividend of $0.02 per share, equivalent to a 0.9% annualized yield.

Squarepoint Ops LLC lifted its stake in Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 341.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 226,035 shares of the technology company's stock after acquiring an additional 174,787 shares during the period. Squarepoint Ops LLC owned approximately 0.44% of Cogent Communications worth $3,137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Federation des caisses Desjardins du Quebec boosted its holdings in Cogent Communications by 17.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,850 shares of the technology company's stock valued at $61,000 after purchasing an additional 425 shares during the period. Empowered Funds LLC increased its holdings in shares of Cogent Communications by 10.3% during the 1st quarter. Empowered Funds LLC now owns 5,466 shares of the technology company's stock worth $335,000 after purchasing an additional 510 shares during the period. Quarry LP acquired a new position in shares of Cogent Communications during the third quarter valued at about $27,000. Parallel Advisors LLC raised its position 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 valued at $27,000 after buying an additional 968 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted 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 valued at $32,000 after buying an additional 1,127 shares during the period. 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 presented at the Bank of America 2026 Media, Communications & Entertainment Conference and Citi’s 2026 Global TMT Conference. The available reports are transcripts and do not identify a new financial forecast, transaction or other immediate catalyst. Bank of America conference transcript Citi conference transcript
• Negative Sentiment: Multiple law firms reiterated that investors have until September 21, 2026 to seek lead-plaintiff status in a federal securities class action covering purchases from February 29, 2024, through May 1, 2026. The repeated alerts increase visibility around the litigation, although they do not represent separate lawsuits or new findings by regulators. Robbins LLP class-action deadline notice
• Negative Sentiment: The complaint reportedly alleges that Cogent’s disclosures overstated growth prospects tied to wavelength services and failed to reveal weakening demand and backlog issues. Promotional materials also point to an approximately 29% stock decline and a near-total dividend reduction. These are allegations, and their ultimate merits have not been established. Hagens Berman complaint summary

Insider Buying and Selling

In other Cogent Communications news, CFO Thaddeus Weed sold 4,850 shares of the company's stock in a transaction dated 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 approximately $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 can be accessed through this link. 4.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CCOI has been the subject of several recent research reports. KeyCorp cut their price target on Cogent Communications from $25.00 to $15.00 and set an "overweight" rating for the company in a report on Friday, August 7th. 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 target price 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. Weiss Ratings reiterated a "sell (d)" rating on shares of Cogent Communications in a research note on Monday, August 17th. Finally, Wells Fargo & Company dropped 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 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's stock. Based on data from MarketBeat, Cogent Communications presently has a consensus rating of "Hold" and an average price target of $19.55.

Cogent Communications Price Performance

Shares of NASDAQ:CCOI opened at $9.33 on Monday. The business's fifty day moving average price is $11.16 and its two-hundred day moving average price is $15.98. Cogent Communications Holdings, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $45.69. The stock has a market capitalization of $477.88 million, a price-to-earnings ratio of -9.72 and a beta of 0.77.

Cogent Communications (NASDAQ:CCOI - Get Free Report) last issued 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 business earned ($1.21) earnings per share. The business's revenue was down 4.4% on a year-over-year basis. Research analysts expect that Cogent Communications Holdings, Inc. will post -3.01 EPS for the current fiscal year.

Cogent Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were given 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 payout ratio is -8.33%.

About Cogent Communications

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.

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