Cogent Communications Holdings, Inc. (CCOI): Raymond B Kummer , CTO; VP Optical Transport of Cogent Communications Holdings, Inc. sold 1,000 shares on May 31, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $39.90 per share for a total value of $39,900.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Thaddeus Gerard Weed (VP, CFO & Treasurer) sold 4,250 shares at $39.14 per share price.On May 9, 2016, Marc Montagner (director) sold 10,000 shares at $39.23 per share price.Also, On May 5, 2016, Henry W Kilmer (VP of IP Engineering) sold 1,000 shares at $38.57 per share price.On May 2, 2016, Robert N Jr Beury (VP & Chief Legal Officer) sold 1,000 shares at $38.95 per share price.
Cogent Communications Holdings Inc: On Friday, May 27, 2016 heightened volatility was witnessed in Cogent Communications Holdings Inc which led to swings in the share price. The shares opened for trading at $39.5 and hit $39.87 on the upside , eventually ending the session at $39.86, with a gain of 0.58% or 0.23 points. The heightened volatility saw the trading volume jump to 4,38,592 shares. The 52-week high of the share price is $40.73 and the company has a market cap of $1,803 M . The 52-week low of the share price is at $25.84.
Company has been under the radar of several Street Analysts.Cogent Communications Holdings Inc is Downgraded by Citigroup to Neutral and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $38 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 6, 2016.
Cogent Communications Holdings Inc. is a facility-based provider of Internet access Internet Protocol (IP) and communications services. The Companys network is designed and optimized to transmit data using IP. The Company delivers its services to small and medium-sized businesses communications service providers and other bandwidth-intensive organizations in North America Europe and Japan. The Company offers on-net Internet access services through its own facilities which run from its network to its customers’ premises. The Company offers its on-net services to customers located in buildings that are physically connected to its network. Its on-net service consists of Internet access and IP connectivity ranging from 100 Megabits per second to 100 Gigabits per second of bandwidth. It provides its on-net Internet access services to its net-centric and corporate customers.