Insider Selling: Robert N. Beury, Jr. Sells 1,000 Shares of Cogent Communications Group Stock (CCOI)
Cogent Communications Group (NASDAQ:CCOI) VP Robert N. Beury, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $34.90, for a total transaction of $34,900.00. Following the sale, the vice president now directly owns 39,640 shares of the company’s stock, valued at approximately $1,383,436. The transaction was disclosed in a document filed with the SEC, which is available at 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.00.
Shares of Cogent Communications Group (NASDAQ:CCOI) opened at 34.77 on Thursday. Cogent Communications Group has a 52 week low of $28.05 and a 52 week high of $43.50. The stock’s 50-day moving average is $35.58 and its 200-day moving average is $37.38. The company has a market cap of $1.601 billion and a price-to-earnings ratio of 29.00.
Cogent Communications Group, Inc is a facilities-based provider of Internet access and Internet Protocol (NASDAQ:CCOI), communications services.
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