Cogent Communications Holdings, Inc. (CCOI) Files Form 4 Insider Selling : Thaddeus Gerard Weed Sells 5,000 Shares

Cogent Communications Holdings, Inc. (CCOI): Thaddeus Gerard Weed , VP, CFO & Treasurer of Cogent Communications Holdings, Inc. sold 5,000 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $40.07 per share for a total value of $200,332.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, Henry W Kilmer (VP of IP Engineering) sold 1,000 shares at $39.90 per share price.On Jun 3, 2016, Timothy G Oneill (VP Field Engineering) sold 1,000 shares at $39.83 per share price.Also, On Jun 2, 2016, Robert N Jr Beury (VP & Chief Legal Officer) sold 1,000 shares at $39.69 per share price.On May 31, 2016, Raymond B Kummer (CTO; VP Optical Transport) sold 1,000 shares at $39.90 per share price.

Shares of Cogent Communications Holdings Inc (CCOI) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.22% at $40.05 with 2,83,570 shares getting traded. Post opening the session at $39.9, the shares hit an intraday low of $39.74 and an intraday high of $40.35 and the price vacillated in this range throughout the day. The company has a market cap of $1,811 M and the number of outstanding shares has been calculated to be 4,52,28,854 shares. The 52-week high of Cogent Communications Holdings Inc is $40.73 and the 52-week low is $25.84.

Cogent Communications Holdings Inc Money Flow Index Chart

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 Company’s 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.

Leave a Reply

Cogent Communications Holdings Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cogent Communications Holdings Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.