Sheryl Lynn Kennedy Sells 3,300 Shares of Cogent Communications (NASDAQ:CCOI) Stock

Key Points

• Insider sale: Director Sheryl Lynn Kennedy sold 3,300 shares at an average $22.99 for $75,867, cutting her stake by 24.63% to 10,100 shares; CFO Thaddeus Weed and another director also sold shares the same day, a move traders read as a negative signal.
• Financials: Cogent reported Q results with EPS of ($0.64) that beat consensus but missed revenue, and remains unprofitable (negative net margin and ROE) with analysts projecting -4.55 EPS for the year.
• Market and corporate actions: The stock slid about 1.4% to $22.77 on higher-than-average volume, the company announced a $0.02 quarterly dividend (0.4% yield, ex-dividend Mar 6), and several brokers lowered price targets (Wells Fargo to $23; consensus target ~$26.78).

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Get Free Report) Director Sheryl Lynn Kennedy sold 3,300 shares of Cogent Communications stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $22.99, for a total value of $75,867.00. Following the completion of the transaction, the director owned 10,100 shares of the company's stock, valued at approximately $232,199. This trade represents a 24.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Cogent Communications Trading Down 1.4%

Cogent Communications stock traded down $0.32 during trading hours on Thursday, hitting $22.77. The company had a trading volume of 1,424,641 shares, compared to its average volume of 1,205,131. Cogent Communications Holdings, Inc. has a 1 year low of $15.96 and a 1 year high of $72.68. The firm has a market cap of $1.14 billion, a P/E ratio of -5.98 and a beta of 0.84. The company has a 50-day moving average price of $23.04 and a two-hundred day moving average price of $29.22. The company has a debt-to-equity ratio of 49.06, a quick ratio of 2.04 and a current ratio of 2.04.

Cogent Communications (NASDAQ:CCOI - Get Free Report) last announced its earnings results on Friday, February 20th. The technology company reported ($0.64) EPS for the quarter, topping analysts' consensus estimates of ($1.09) by $0.45. The business had revenue of $240.52 million during the quarter, compared to the consensus estimate of $243.82 million. Cogent Communications had a negative net margin of 18.67% and a negative return on equity of 842.48%. The firm's revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.91) earnings per share. On average, sell-side analysts anticipate that Cogent Communications Holdings, Inc. will post -4.55 earnings per share for the current year.

Cogent Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.4%. Cogent Communications's dividend payout ratio is presently -2.10%.

Cogent Communications News Summary

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

• Positive Sentiment: Management participated in investor conferences this week (Morgan Stanley and J.P. Morgan), providing refreshed guidance/visibility to investors and giving analysts and active holders fresh transcripts to parse for outlook details. Cogent Presents at Morgan Stanley Tech, Media & Telecom Conference 2026 Transcript Cogent Presents at J.P. Morgan 2026 Global Leveraged Finance Conference Transcript
• Neutral Sentiment: Media/analysis pieces looking at Cogent's recent volatility, dividend signaling and valuation give investors context but contain mixed conclusions — useful for long-term thesis work but not an immediate catalyst. Does Cogent (CCOI) Pairing Losses With A Dividend Recast Its Capital Discipline And Governance Story? A Look At Cogent Communications Holdings (CCOI) Valuation After Recent Share Price Volatility
• Neutral Sentiment: Published short‑interest data in this feed shows “0 shares” and NaN changes; that appears to be a reporting/data error and does not indicate a meaningful change in short-seller pressure. (Treat short‑interest signals as unreliable until corrected.)
• Negative Sentiment: Multiple insider sales today: CFO Thaddeus Weed sold 4,850 shares (~$22.63 avg) and directors Sheryl Kennedy and Lewis Ferguson sold 3,300 and 2,206 shares respectively — these disposals materially reduced insider stakes and are being read as a near-term negative signal by traders. SEC filings: Form 4 - Weed Form 4 - Kennedy Form 4 - Ferguson
• Negative Sentiment: Wells Fargo cut its price target from $27 to $23 and kept an “equal weight” rating — a downgrade in expectations that reduces upside in dealer research and likely contributed to selling pressure. Wells Fargo Lowers Price Target on CCOI

Institutional Trading of Cogent Communications

A number of hedge funds have recently bought and sold shares of CCOI. Vanguard Group Inc. grew its holdings in shares of Cogent Communications by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 5,580,271 shares of the technology company's stock valued at $120,311,000 after buying an additional 217,450 shares during the last quarter. Turtle Creek Asset Management Inc. grew its holdings in shares of Cogent Communications by 64.9% in the third quarter. Turtle Creek Asset Management Inc. now owns 4,603,933 shares of the technology company's stock valued at $176,561,000 after purchasing an additional 1,811,222 shares during the period. EdgePoint Investment Group Inc. raised its holdings in Cogent Communications by 13.3% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,279,440 shares of the technology company's stock valued at $109,892,000 after buying an additional 267,143 shares during the period. State Street Corp grew its stake in shares of Cogent Communications by 6.8% in the fourth quarter. State Street Corp now owns 2,070,132 shares of the technology company's stock valued at $44,632,000 after buying an additional 132,454 shares in the last quarter. Finally, Park West Asset Management LLC acquired a new stake in shares of Cogent Communications in the fourth quarter valued at $30,380,000. Hedge funds and other institutional investors own 92.45% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Williams Trading set a $40.00 target price on shares of Cogent Communications in a report on Monday, February 23rd. KeyCorp dropped their price objective on Cogent Communications from $30.00 to $25.00 and set an "overweight" rating on the stock in a report on Monday, February 23rd. Weiss Ratings reiterated a "sell (d+)" rating on shares of Cogent Communications in a research note on Monday, December 22nd. Wells Fargo & Company dropped their price target on Cogent Communications from $27.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, UBS Group restated a "neutral" rating and issued a $27.00 target price (down from $50.00) on shares of Cogent Communications in a research note on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $26.78.

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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