Insider Selling: Henry W. Kilmer Sells 1,000 Shares of Cogent Communications Group Stock (CCOI)
Cogent Communications Group (NASDAQ:CCOI) VP Henry W. Kilmer sold 1,000 shares of the stock on the open market in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $35.90, for a total transaction of $35,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Oppenheimer upgraded shares of Cogent Communications Group from a “market perform” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $42.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $40.00.
Cogent Communications Group (NASDAQ:CCOI) traded up 0.98% on Wednesday, hitting $35.14. 132,155 shares of the company’s stock traded hands. Cogent Communications Group has a one year low of $25.90 and a one year high of $43.50. The stock has a 50-day moving average of $35.83 and a 200-day moving average of $37.80. The company has a market cap of $1.618 billion and a P/E ratio of 29.00.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 18th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, June 4th. This is a boost from Cogent Communications Group’s previous quarterly dividend of $0.16.
Cogent Communications Group, Inc is a facilities-based provider of Internet access and Internet Protocol (NASDAQ:CCOI), communications services.
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