Insider Selling: Cogent Communications Group VP Sells 1,000 Shares of Stock (CCOI)
Cogent Communications Group (NASDAQ:CCOI) VP Timothy G. Oneill unloaded 1,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $41.10, for a total transaction of $41,100.00. Following the sale, the vice president now directly owns 41,452 shares in the company, valued at approximately $1,703,677. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CCOI shares. Analysts at Davidson raised their price target on shares of Cogent Communications Group from $35.00 to $42.00 in a research note to investors on Monday, January 13th. Separately, analysts at Jefferies Group initiated coverage on shares of Cogent Communications Group in a research note to investors on Thursday, December 19th. They set a “hold” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Cogent Communications Group from $38.00 to $42.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.93.
Cogent Communications Group (NASDAQ:CCOI) traded down 1.18% on Monday, hitting $40.88. The stock had a trading volume of 377,789 shares. Cogent Communications Group has a 52 week low of $24.08 and a 52 week high of $42.63. The stock has a 50-day moving average of $40.7 and a 200-day moving average of $35.16. The company has a market cap of $1.886 billion and a P/E ratio of 498.43.
Cogent Communications Group, Inc is a facilities-based provider of Internet access and Internet Protocol (NASDAQ:CCOI), communications services.
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