Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cogent Communications Holdings Inc shares valued at $1,151,250 were purchased by David Schaeffer on May 22 ’25. At $46.05 per share, David Schaeffer acquired 25,000 shares.
Also, SCHAEFFER DAVE sold 40,000 shares, netting a total of over 1,872,248 in proceeds. Following the sale of shares at $46.81 each, the insider now holds 4,201,721 shares.
Before that, SCHAEFFER DAVE had added 40,000 shares to its account. In a trade valued at $1,872,256, the FOUNDER & CEO bought Cogent Communications Holdings Inc shares for $46.81 each.
As published in their initiating research note from UBS on November 14, 2024, Cogent Communications Holdings Inc [CCOI] has been a Buy and the price target has been revised to $102. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late August. As of July 01, 2024, Goldman has initiated its “Neutral” rating for CCOI. Earlier on March 07, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for CCOI stock which previously was a “a Buy”.
Analyzing CCOI Stock Performance
During the last five days, there has been a drop of approximately -8.95%. Over the course of the year, Cogent Communications Holdings Inc shares have dropped approximately -40.44%. Shares of the company reached a 52-week high of $84.06 on 02/19/25 and a 52-week low of $43.65 on 05/22/25.
Support And Resistance Levels for Cogent Communications Holdings Inc (CCOI)
According to the 24-hour chart, there is a support level at 44.09, which, if violated, would cause prices to drop to 42.29. In the upper region, resistance lies at 47.26. The next price resistance is at 48.63. RSI (Relative Strength Index) is 27.32 on the 14-day chart, showing oversold technical sentiment.
