Cogent Communications (NASDAQ:CCOI) VP Henry Kilmer Sells 2,400 Shares of Stock

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) VP Henry Kilmer sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $9.21, for a total transaction of $22,104.00. Following the completion of the sale, the vice president owned 36,200 shares in the company, valued at $333,402. The trade was a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cogent Communications Stock Performance

Shares of NASDAQ CCOI traded down $0.08 during trading on Tuesday, hitting $9.24. The company had a trading volume of 1,641,894 shares, compared to its average volume of 1,343,451. Cogent Communications Holdings, Inc. has a 52 week low of $8.60 and a 52 week high of $45.69. The business’s 50-day moving average is $11.10 and its 200 day moving average is $15.91. The company has a market cap of $473.24 million, a P/E ratio of -9.62 and a beta of 0.77.

Cogent Communications (NASDAQ:CCOI) last issued its earnings results on Thursday, August 6th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.00) by $2.38. The business 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 company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.21) EPS. On average, research analysts expect that Cogent Communications Holdings, Inc. will post -3.01 EPS for the current year.

Cogent Communications Announces Dividend

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

Institutional Trading of Cogent Communications

Several institutional investors have recently made changes to their positions in CCOI. Turtle Creek Asset Management Inc. increased its stake in Cogent Communications by 7.7% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 4,348,897 shares of the technology company’s stock valued at $81,933,000 after buying an additional 312,050 shares during the period. Harspring Capital Management LLC boosted its stake in shares of Cogent Communications by 60.3% during the 4th quarter. Harspring Capital Management LLC now owns 1,402,500 shares of the technology company’s stock valued at $30,238,000 after buying an additional 527,500 shares during the period. Magnolia Group LLC grew its holdings in shares of Cogent Communications by 3.5% during the 1st quarter. Magnolia Group LLC now owns 1,290,204 shares of the technology company’s stock valued at $24,307,000 after acquiring an additional 43,867 shares in the last quarter. Newtyn Management LLC grew its holdings in shares of Cogent Communications by 3.5% during the 2nd quarter. Newtyn Management LLC now owns 1,655,895 shares of the technology company’s stock valued at $22,984,000 after acquiring an additional 55,895 shares in the last quarter. Finally, CenterBook Partners LP increased its stake in shares of Cogent Communications by 254.5% in the fourth quarter. CenterBook Partners LP now owns 601,735 shares of the technology company’s stock worth $12,973,000 after acquiring an additional 431,974 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.

Cogent Communications News Summary

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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Cogent Communications in a research report on Monday, August 17th. Wells Fargo & Company lowered their price objective on shares of Cogent Communications from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, August 7th. TD Cowen reduced their target price on Cogent Communications from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday, August 7th. KeyCorp decreased their target price on Cogent Communications from $25.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Finally, Royal Bank Of Canada lowered their price target on Cogent Communications from $18.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Cogent Communications has a consensus rating of “Hold” and an average price target of $19.55.

Cogent Communications Company Profile

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.