Cogent Communications Holdings Inc’s filing revealed that its Founder David Schaeffer acquired Company’s shares for reported $2.29 million on Jun 02 ’25. In the deal valued at $45.71 per share,50,000 shares were bought.
Then, SCHAEFFER DAVE bought 15,000 shares, generating $692,014 in total proceeds.
Before that, SCHAEFFER DAVE sold 25,000 shares. Cogent Communications Holdings Inc shares valued at $1,147,425 were divested by the CHAIRMAN, CEO, AND PRESIDENT at a price of $45.90 per share. As a result of the transaction, SCHAEFFER DAVE now holds 4,061,721 shares, worth roughly $187.33 million.
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 0.90% to $46.12. Over the last five days, the stock has lost -1.64%. Cogent Communications Holdings Inc shares have fallen nearly -40.16% since the year began. Nevertheless, the stocks have fallen -22.20% 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 $53.71, while 200 days put it at $70.79.
Levels Of Support And Resistance For CCOI Stock
The 24-hour chart illustrates a support level at 44.97, which if violated will result in even more drops to 43.82. On the upside, there is a resistance level at 47.08. A further resistance level may holdings at 48.04. The Relative Strength Index (RSI) on the 14-day chart is 36.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.06%. Stochastics %K at 33.86% indicates the stock is a holding.
