Cogent Communications CFO Thaddeus Weed sells $45,444 in stock By Investing.com

Thaddeus Gerard Weed, Vice President and Chief Financial Officer of Cogent Communications Holdings, Inc. (), sold 4,850 shares of the company’s common stock on September 2, 2026.

The transaction, which totaled $45,444, saw shares sold at a price of $9.3701 each. Following this sale, Mr. Weed directly holds 193,050 shares of Cogent Communications Holdings, Inc. common stock.The insider sale comes as CCOI stock trades near its 52-week low of $8.88, down 72% over the past year. According to InvestingPro analysis, the stock appears overvalued at current levels. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for CCOI and 1,400+ other US equities.

In other recent news, Cogent Communications Holdings reported second-quarter 2026 earnings that exceeded Wall Street’s profit expectations. The company posted adjusted earnings of $1.38 per share, surpassing analysts’ projections of a $0.97 loss. However, Cogent’s revenue fell short of forecasts, coming in at $235.6 million compared to the anticipated $239.8 million. Despite the stronger margins and lower leverage, the company’s sales experienced a decline. In a separate development, JPMorgan downgraded Cogent Communications’ stock rating to Underweight from Neutral. This downgrade was attributed to concerns over execution, including a slower wave-installation pace and softer revenue and EBITDA performance. JPMorgan also revised its price target for Cogent, lowering it to $9.00 from $22.00. These recent developments have drawn attention from investors and analysts alike.

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