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Cogent Communications Group (NASDAQ:CCOI) VP Robert N. Beury, Jr. unloaded 1,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $34.67, for a total transaction of $34,670.00. Following the completion of the sale, the vice president now directly owns 38,640 shares of the company’s stock, valued at approximately $1,339,649. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Cogent Communications Group (NASDAQ:CCOI) traded down 0.58% during mid-day trading on Monday, hitting $34.26. 72,058 shares of the company’s stock traded hands. Cogent Communications Group has a 52-week low of $28.80 and a 52-week high of $43.50. The stock has a 50-day moving average of $34.53 and a 200-day moving average of $36.55. The company has a market cap of $1.578 billion and a price-to-earnings ratio of 28.72.

Cogent Communications Group, Inc is a facilities-based provider of Internet access and Internet Protocol (NASDAQ:CCOI), communications services.

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