Cogent Communications Holdings Inc’s recent filing unveils that its Founder David Schaeffer acquired Company’s shares for reported $0.94 million on May 27 ’25. In the deal valued at $46.89 per share,20,000 shares were bought.
Then, SCHAEFFER DAVE sold 25,000 shares, generating $1,173,318 in total proceeds. Upon selling the shares at $46.93, the CHAIRMAN, CEO, AND PRESIDENT now owns 4,151,721 shares.
Before that, David Schaeffer bought 25,000 shares. Cogent Communications Holdings Inc shares valued at $1,147,500 were divested by the Founder at a price of $45.90 per share.
UBS initiated its Cogent Communications Holdings Inc [CCOI] rating to a Buy in a research note published on November 14, 2024; the price target was $102. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late August from “a Neutral” to “an Underperform”. Goldman began covering CCOI with “Neutral” recommendation on July 01, 2024. BofA Securities revised its rating on March 07, 2024. It rated CCOI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CCOI
On Tuesday, Cogent Communications Holdings Inc [NASDAQ:CCOI] saw its stock jump 4.91% to $49.19. Over the last five days, the stock has lost -1.40%. Cogent Communications Holdings Inc shares have fallen nearly -36.17% since the year began. Nevertheless, the stocks have fallen -16.41% over the past one year. While a 52-week high of $86.76 was reached on 02/19/25, a 52-week low of $43.65 was recorded on 05/22/25. SMA at 50 days reached $55.61, while 200 days put it at $71.28.
Levels Of Support And Resistance For CCOI Stock
The 24-hour chart illustrates a support level at 47.85, which if violated will result in even more drops to 46.52. On the upside, there is a resistance level at 49.87. A further resistance level may holdings at 50.56. The Relative Strength Index (RSI) on the 14-day chart is 41.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.20%. Stochastics %K at 33.58% indicates the stock is a holding.
