The VP & Chief Legal Officer of Cogent Comms (CCOI) is Selling Shares

Today, the VP & Chief Legal Officer of Cogent Comms (NASDAQ: CCOI), Robert Beury, sold shares of CCOI for $109.9K.

Following Robert Beury’s last CCOI Sell transaction on February 06, 2014, the stock climbed by 20.7%. In addition to Robert Beury, one other CCOI executive reported Sell trades in the last month.

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Based on Cogent Comms’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $129 million and quarterly net profit of $6.55 million. In comparison, last year the company earned revenue of $120 million and had a net profit of $4.32 million. CCOI’s market cap is $2.55B and the company has a P/E ratio of 238.70. Currently, Cogent Comms has an average volume of 103.8K.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $44.33, reflecting a -19.5% downside.

The insider sentiment on Cogent Comms has been negative according to 69 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.