The VP, CFO & Treas of Cogent Comms (NASDAQ: CCOI) is Selling Shares

By Carrie Williams

Today, the VP, CFO & Treas of Cogent Comms (NASDAQ: CCOI), Thaddeus Gerard Weed, sold shares of CCOI for $91.6K.

In addition to Thaddeus Gerard Weed, 2 other CCOI executives reported Sell trades in the last month.

Based on Cogent Comms’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $123 million and quarterly net profit of $3.65 million. In comparison, last year the company earned revenue of $113 million and had a net profit of $3.46 million. The company has a one-year high of $54.85 and a one-year low of $37.85. CCOI’s market cap is $2.03B and the company has a P/E ratio of 122.64.

Five different firms, including B.Riley FBR and Citigroup, currently also have a Sell rating on the stock. Based on 8 analyst ratings, the analyst consensus is Hold with an average price target of $45.86, reflecting a -0.4% downside.

In the last 30 days, insiders have sold $103.3K worth of CCOI shares and purchased $31.71K worth of CCOI shares. The insider sentiment on Cogent Comms has been negative according to 75 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Thaddeus Gerard Weed’s trades have generated a -9.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Cogent Communications Holdings, Inc. engages in the provision of Internet access and Internet Protocol communications services. It offers Internet access and data transport through its fiber optic, IP data-only network, along with collocation in any of its Internet data centers.