James Bubeck, the Chief Revenue Officer of Cogent Communications Holdings Inc (CCOI, Financial), executed a sale of 1,920 shares of the company on September 4, 2024, according to a recent SEC filing. The transaction occurred at a stock price of $69.77 per share, leading to a total sale amount of $133,958.40. Following this transaction, the insider now directly owns 50,982 shares in the company.
Cogent Communications Holdings Inc (CCOI, Financial) specializes in providing high-speed Internet access and Internet Protocol communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. The company operates a large-scale and facilities-based IP network that is optimized for data traffic.
Over the past year, James Bubeck has sold a total of 9,600 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend 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 $69.77 on the day of the sale, giving the company a market cap of approximately $3.542 billion. The company's price-earnings ratio stands at 79.43, which is above the industry median of 15.935.
The GF Value for Cogent Communications Holdings Inc is $105.66, suggesting that the stock might be undervalued with a price-to-GF-Value ratio of 0.66. This valuation indicates a "Possible Value Trap, Think Twice" status based on its GF Value.
This insider sale could be of interest to investors tracking insider behaviors and company valuation metrics such as the price-sales ratio, price-book ratio, and price-to-free cash flow to make informed investment decisions.
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.
