Lewis Ferguson Sells 2,206 Shares of Cogent Communications (NASDAQ:CCOI) Stock

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Director Lewis Ferguson sold 2,206 shares of Cogent Communications stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $23.03, for a total transaction of $50,804.18. Following the sale, the director owned 20,449 shares in the company, valued at $470,940.47. This represents a 9.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cogent Communications Price Performance

NASDAQ:CCOI traded down $0.32 during mid-day trading on Thursday, hitting $22.77. The company’s stock had a trading volume of 1,424,641 shares, compared to its average volume of 1,205,131. Cogent Communications Holdings, Inc. has a fifty-two week low of $15.96 and a fifty-two week high of $72.68. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 49.06. The stock has a fifty day moving average of $23.04 and a 200-day moving average of $29.22. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -5.98 and a beta of 0.84.

Cogent Communications (NASDAQ:CCOI) last announced its quarterly earnings results on Friday, February 20th. The technology company reported ($0.64) EPS for the quarter, beating the consensus estimate of ($1.09) by $0.45. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 18.67%.The business had revenue of $240.52 million for the quarter, compared to analyst estimates of $243.82 million. During the same quarter in the previous year, the firm earned ($0.91) EPS. Cogent Communications’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities analysts forecast that Cogent Communications Holdings, Inc. will post -4.55 EPS for the current fiscal year.

Cogent Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, March 6th. Cogent Communications’s dividend payout ratio (DPR) is currently -2.10%.

Key Headlines Impacting Cogent Communications

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

Institutional investors have recently bought and sold shares of the business. Turtle Creek Asset Management Inc. raised its position in shares of Cogent Communications by 64.9% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 4,603,933 shares of the technology company’s stock valued at $176,561,000 after acquiring an additional 1,811,222 shares during the last quarter. Park West Asset Management LLC acquired a new stake in shares of Cogent Communications during the fourth quarter worth $30,380,000. Bank of America Corp DE grew its stake in shares of Cogent Communications by 551.2% during the third quarter. Bank of America Corp DE now owns 1,146,417 shares of the technology company’s stock worth $43,965,000 after purchasing an additional 970,367 shares during the period. MIG Capital LLC acquired a new position in Cogent Communications in the fourth quarter valued at about $12,272,000. Finally, First Trust Advisors LP boosted its holdings in Cogent Communications by 86.8% during the fourth quarter. First Trust Advisors LP now owns 1,177,398 shares of the technology company’s stock worth $25,385,000 after buying an additional 547,188 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

Analyst Ratings Changes

CCOI has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their target price on Cogent Communications from $40.00 to $23.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. UBS Group restated a “neutral” rating and set a $27.00 target price (down from $50.00) on shares of Cogent Communications in a report on Friday, November 7th. The Goldman Sachs Group cut their price target on Cogent Communications from $40.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Zacks Research upgraded shares of Cogent Communications from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Cogent Communications in a research report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cogent Communications currently has an average rating of “Hold” and an average target price of $26.78.

Cogent Communications Company Profile

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.