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

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) VP Henry Kilmer sold 2,400 shares of the stock in a transaction 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 completion of the transaction, the vice president owned 36,200 shares of the company’s stock, valued at $333,402. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Cogent Communications Stock Down 6.2%

Shares of CCOI stock opened at $8.67 on Thursday. The firm has a market capitalization of $444.08 million, a P/E ratio of -9.03 and a beta of 0.77. Cogent Communications Holdings, Inc. has a twelve month low of $8.59 and a twelve month high of $45.69. The stock’s fifty day simple moving average is $10.98 and its 200 day simple moving average is $15.78.

Cogent Communications (NASDAQ:CCOI) last posted its earnings results on Thursday, August 6th. The technology company reported $1.38 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $235.56 million during the quarter, compared to the consensus estimate of $239.55 million. During the same period last year, the company earned ($1.21) earnings per share. The business’s quarterly revenue was down 4.4% on a year-over-year basis. As a group, equities research analysts expect 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. Investors of record on Friday, August 21st were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 21st. Cogent Communications’s dividend payout ratio (DPR) is -8.33%.

Analyst Ratings Changes

Several research firms have recently issued reports on CCOI. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $9.00 price target (down from $22.00) on shares of Cogent Communications in a research note on Wednesday, August 19th. Citigroup decreased their price objective on Cogent Communications from $20.00 to $11.50 and set a “neutral” rating for the company in a report on Thursday, August 13th. Royal Bank Of Canada cut their target price 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. TD Cowen reduced their price target on Cogent Communications from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, UBS Group set a $9.00 price target on Cogent Communications in a research note on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.55.

Hedge Funds Weigh In On Cogent Communications

Several hedge funds and other institutional investors have recently bought and sold shares of CCOI. Turtle Creek Asset Management Inc. raised its position in shares of 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 worth $81,933,000 after acquiring an additional 312,050 shares in the last quarter. Harspring Capital Management LLC grew its stake in Cogent Communications by 60.3% during the fourth quarter. Harspring Capital Management LLC now owns 1,402,500 shares of the technology company’s stock worth $30,238,000 after purchasing an additional 527,500 shares during the period. Magnolia Group LLC increased its holdings in Cogent Communications by 3.5% in the first quarter. Magnolia Group LLC now owns 1,290,204 shares of the technology company’s stock worth $24,307,000 after purchasing an additional 43,867 shares in the last quarter. Newtyn Management LLC lifted its stake in Cogent Communications by 3.5% in the second quarter. Newtyn Management LLC now owns 1,655,895 shares of the technology company’s stock valued at $22,984,000 after buying an additional 55,895 shares during the period. Finally, CenterBook Partners LP boosted its holdings in shares of Cogent Communications by 254.5% during the 4th quarter. CenterBook Partners LP now owns 601,735 shares of the technology company’s stock worth $12,973,000 after buying an additional 431,974 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

Key Cogent Communications News

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

• Neutral Sentiment: Several law firms reminded investors that September 21, 2026 is the deadline to seek lead-plaintiff status in a securities class action covering purchases made from February 29, 2024, through May 1, 2026. The notices are largely duplicative and do not represent separate lawsuits or new findings. Class action announcement
• Negative Sentiment: The complaints reportedly allege that Cogent failed to disclose operational difficulties in converting the former Sprint voice network into a wavelength-optimized platform, including extended provisioning cycles, weaker demand and backlog problems. The allegations have not been proven, but potential litigation costs, damages and reputational harm add uncertainty for CCOI investors. Shareholder alert
• Negative Sentiment: Other investor notices point to an allegedly unsustainable dividend policy, insider-pledging concerns, a dividend reduction and forced-sale risk as factors behind shareholder losses. These claims intensify scrutiny of Cogent’s capital allocation and financial condition. Investor alert
• Negative Sentiment: Vice President Henry Kilmer sold 2,400 shares at an average price of $9.21, reducing his direct stake by 6.22%. While modest in size, the insider sale may reinforce caution while the shares are already weak. SEC Form 4 filing

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.