Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cogent Communications Holdings Inc shares valued at $2,184,633 were purchased by SCHAEFFER DAVE on Jun 11 ’25. At $48.55 per share, SCHAEFFER DAVE acquired 45,000 shares.
Also, David Schaeffer purchased 10,000 shares, netting a total of over 486,300 in proceeds.
Before that, SCHAEFFER DAVE had sold 55,000 shares from its account. In a trade valued at $2,677,490, the CHAIRMAN, CEO, AND PRESIDENT traded Cogent Communications Holdings Inc shares for $48.68 each. Upon closing the transaction, the insider’s holdings decreased to 55,000 shares, worth approximately $173.09 million.
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 surge of approximately 1.26%. Over the course of the year, Cogent Communications Holdings Inc shares have dropped approximately -37.47%. 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 47.65, which, if violated, would cause prices to drop to 47.11. In the upper region, resistance lies at 49.10. The next price resistance is at 50.01. RSI (Relative Strength Index) is 44.83 on the 14-day chart, showing neutral technical sentiment.
