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

Key Points

• Insider sale: Cogent Communications VP Henry Kilmer sold 2,400 shares for approximately $22,104, reducing his holdings by 6.22% to 36,200 shares.
• Weak stock and financial performance: Shares traded near $9.24, close to their 12-month low of $8.60. Although quarterly EPS beat estimates, revenue fell 4.4% year over year, and analysts expect a full-year loss.
• Elevated legal and analyst uncertainty: Investors face securities litigation allegations and a September 21, 2026 lead-plaintiff deadline. Analysts collectively rate the stock “Hold,” with a consensus price target of $19.55, while several firms recently lowered their targets.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Get Free Report) VP Henry Kilmer sold 2,400 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The shares were 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. This represents a 6.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cogent Communications Stock Performance

Shares of Cogent Communications stock traded down $0.08 during trading on Tuesday, hitting $9.24. 1,641,894 shares of the stock were exchanged, compared to its average volume of 1,343,451. Cogent Communications Holdings, Inc. has a 12 month low of $8.60 and a 12 month high of $45.69. The stock's fifty day moving average is $11.10 and its 200 day moving average is $15.91. The stock has a market cap of $473.24 million, a PE ratio of -9.62 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 for the quarter, beating the consensus estimate of ($1.00) by $2.38. Cogent Communications had a negative net margin of 4.73% and a negative return on equity of 842.48%. The firm had revenue of $235.56 million for the quarter, compared to the consensus estimate of $239.55 million. During the same period last year, the firm posted ($1.21) EPS. Cogent Communications's quarterly revenue was down 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Cogent Communications Holdings, Inc. will post -3.01 EPS for the current fiscal year.

Cogent Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were given a dividend of $0.02 per share. The ex-dividend date was Friday, August 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.9%. Cogent Communications's payout ratio is currently -8.33%.

Trending Headlines about Cogent Communications

Here are the key news stories impacting Cogent Communications this week:

• Neutral Sentiment: Multiple law firms—including Kaplan Fox announcement Kaplan Fox, Rosen, Pomerantz and Bragar Eagel & Squire—reminded investors that the lead-plaintiff deadline is September 21, 2026. The notices primarily seek investors to participate in or lead the case and do not represent a new company operating update.
• Negative Sentiment: The lawsuit covers investors who acquired Cogent securities from February 29, 2024, through May 1, 2026. Claims reportedly focus on alleged difficulties converting the former Sprint voice network into a wavelength-optimized platform, including extended provisioning cycles and allegedly misleading assurances about wavelength backlogs. One alert says investors suffered losses after a reported backlog collapse and dividend cut. CCOI shareholder alert
• Negative Sentiment: The unusually high volume of overlapping legal alerts increases headline and litigation risk for Cogent Communications (CCOI). Potential consequences include legal expenses, management distraction, reputational damage and uncertainty over any eventual settlement or damages, although the allegations have not been proven and the company’s ultimate liability remains uncertain.

Institutional Investors Weigh In On Cogent Communications

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of Cogent Communications by 208.6% in the 1st quarter. Parallel Advisors LLC now owns 1,432 shares of the technology company's stock worth $27,000 after buying an additional 968 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in 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 buying an additional 1,127 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Cogent Communications during the fourth quarter valued at about $28,000. Global Endowment Management LP grew its holdings in Cogent Communications by 17.5% during the fourth quarter. Global Endowment Management LP now owns 12,297 shares of the technology company's stock worth $265,000 after acquiring an additional 1,832 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Cogent Communications in the second quarter worth about $26,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCOI has been the topic of several recent analyst reports. Citigroup cut their target price on Cogent Communications from $20.00 to $11.50 and set a "neutral" rating on the stock in a research note on Thursday, August 13th. TD Cowen lowered their price target on Cogent Communications from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, August 7th. UBS Group set a $9.00 price objective on shares of Cogent Communications in a research note on Wednesday, August 19th. Wall Street Zen raised shares of Cogent Communications from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Cogent Communications in a research report on Monday, August 17th. Three 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.55.

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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