Cogent Communications Holdings Inc’s recently made public that its Founder David Schaeffer acquired Company’s shares for reported $1.17 million on Jun 16 ’25. In the deal valued at $46.98 per share,25,000 shares were bought.
Then, SCHAEFFER DAVE sold 70,000 shares, generating $3,297,609 in total proceeds. Upon selling the shares at $47.11, the CHAIRMAN, CEO, AND PRESIDENT now owns 3,356,721 shares.
Before that, SCHAEFFER DAVE bought 45,000 shares. Cogent Communications Holdings Inc shares valued at $2,129,220 were divested by the FOUNDER & CEO at a price of $47.32 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 Monday, Cogent Communications Holdings Inc [NASDAQ:CCOI] saw its stock jump 3.85%% to $49.28. Over the last five days, the stock has gained 4.89%. Cogent Communications Holdings Inc shares have fallen nearly -7.81% since the year began. Nevertheless, the stocks have fallen -36.06% 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.
Levels Of Support And Resistance For CCOI Stock
The 24-hour chart illustrates a support level at 47.47, which if violated will result in even more drops to 45.66. On the upside, there is a resistance level at 50.19. A further resistance level may holdings at 51.10.
How much short interest is there in Cogent Communications Holdings Inc?
A steep rise in short interest was recorded in Cogent Communications Holdings Inc stocks on 2025-05-30, growing by 0.77 million shares to a total of 5.21 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 4.44 million shares. There was a rise of 14.73%, which implies that there is a positive sentiment for the stock.
