Stock Analysis

Have Insiders Sold Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Shares Recently?

  •  Updated
NasdaqGS:CCOI
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Investors may wish to note that the Independent Director of Cogent Communications Holdings, Inc., Sheryl Kennedy, recently netted US$62k from selling stock, receiving an average price of US$59.34. It might not be a huge sale, but it did reduce their holding size 16%, hardly encouraging.

Check out our latest analysis for Cogent Communications Holdings

Cogent Communications Holdings Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Independent Director, David Bath, sold US$475k worth of shares at a price of US$86.45 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$57.61). So it is hard to draw any strong conclusion from it.

Cogent Communications Holdings insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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NasdaqGS:CCOI Insider Trading Volume March 4th 2021

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Cogent Communications Holdings Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Cogent Communications Holdings insiders own about US$304m worth of shares (which is 12% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Cogent Communications Holdings Tell Us?

Insiders haven't bought Cogent Communications Holdings stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To help with this, we've discovered 5 warning signs (3 make us uncomfortable!) that you ought to be aware of before buying any shares in Cogent Communications Holdings.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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