Today, the CRO of Cogent Comms (NASDAQ: CCOI), BUBECK JAMES, sold shares of CCOI for $100.7K.
Following BUBECK JAMES’s last CCOI Sell transaction on March 02, 2018, the stock climbed by 7.9%. In addition to BUBECK JAMES, 2 other CCOI executives reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
Based on Cogent Comms’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $129 million and quarterly net profit of $6.78 million. In comparison, last year the company earned revenue of $117 million and had a net profit of $4.14 million. CCOI’s market cap is $2.33B and the company has a P/E ratio of 265.26. Currently, Cogent Comms has an average volume of 71.02K.
Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $44.00, reflecting a 14.9% upside. Five different firms, including B.Riley FBR and Citigroup, currently also have a Sell rating on the stock.
The insider sentiment on Cogent Comms has been negative according to 72 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
BUBECK JAMES’s trades have generated a -20.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cogent Communications Holdings, Inc. engages in the provision of internet access and Internet Protocol communications services. It offers internet access and data transport through its fiber optic, IP data-only network, ethernet transport, and colocation services.
