Chief Revenue Officer James Bubeck sold 1,920 shares of Cogent Communications Holdings Inc (CCOI, Financial) on June 3, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 52,902 shares of the company.
Cogent Communications Holdings Inc specializes in providing high-speed Internet access and Internet Protocol communications services to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations.
Over the past year, James Bubeck has sold a total of 9,600 shares and has not purchased any shares. The company has seen a total of 42 insider sells and no insider buys over the same period.
On the date of the latest sale, shares of Cogent Communications Holdings Inc were priced at $58.97. The company has a market cap of $2.784 billion. The price-earnings ratio stands at 2.25, significantly lower than the industry median of 15.95 and below the company's historical median.
The GF Value of the stock is $107.95, indicating a price-to-GF-Value ratio of 0.55. This suggests that the stock might be a possible value trap, warranting caution for potential investors.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale could be of interest to current and potential investors, providing insight into insider confidence and potential future stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
