On August 27, 2024, Dave Schaeffer, Chairman, Chief Executive Officer, and President, as well as a 10% Owner of Cogent Communications Holdings Inc (CCOI, Financial), sold 60,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 4,373,038 shares of the company.
Cogent Communications Holdings Inc operates as a multinational internet service provider focused on delivering high-quality internet, Ethernet, and colocation services. The company primarily serves small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations.
Over the past year, Dave Schaeffer has sold a total of 588,191 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 42 insider sells and only 1 insider buy over the past year.
Shares of Cogent Communications Holdings Inc were trading at $72.82 on the day of the sale, giving the company a market cap of approximately $3.52 billion. The price-earnings ratio of the stock stands at 78.90, which is significantly higher than the industry median of 15.88.
The stock's valuation according to the GF Value is $105.80, indicating a price-to-GF-Value ratio of 0.69. This suggests that the stock might be a possible value trap, and potential investors should think twice before making an investment decision based on its GF Value.
This insider sale could be of interest to current and potential investors, as insider transactions can provide valuable insights into a company's financial health and future prospects.
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.
