Cogent Communications (CCOI) Insider Ferguson Buys 3,445 Shares
Insider Lewis Ferguson purchased shares of Cogent Communications, joining others in a series of recent acquisitions.
Reviewed by automated data checks against the source filing. How we make and check alerts
Lewis Ferguson bought 3,445 shares of Cogent Communications Holdings, Inc. ($CCOI) on June 30, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $CCOI is down 16.0% after 1 week, down 4.6% after 1 month and down 41.7% to date (from the $13.85 close on Jun 30, 2026).
CCOI
Cogent Communications Holdings, Inc.
Key Points
- On June 30, 2026, Lewis Ferguson bought 3,445 shares of Cogent Communications (Nasdaq: CCOI) valued at about $47,800 based on a share price of $13.88.
- The stock has struggled this year, currently trading near its 52-week low of $8.56, highlighting ongoing challenges for the company.
- Cogent Communications, operating in the telecom sector, has faced a revenue decline, posting $879.8 million for the last fiscal year.
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Ferguson Joins a Series of Insider Buys
On June 30, 2026, Lewis Ferguson, an insider at Cogent Communications Holdings, Inc. (Nasdaq: CCOI), bought 3,445 shares of the company at a price of $13.88 per share. This purchase is valued at roughly $47,800, adding to the recent trend of insider buying the same day.
A Wave of Insider Activity
Ferguson's acquisition comes amid a notable wave of buying by other insiders, each purchasing 3,445 shares on the same day. Eve Howard, De SA Paul, Marc Montagner, and Kennedy Sheryl Lynn also made similar purchases, which reflects a collective interest in the company's future. These insider trades suggest confidence among Cogent's leadership despite the company's recent struggles.
Stock Performance and Current Trends
Cogent Communications currently trades below its 200-day moving average of $17.78 and significantly off its 52-week high of $45.69. The stock is facing pressure, sitting close to its 52-week low of $8.56. This performance indicates challenges for the company, as it has seen a revenue decline of 4.2% year-over-year. As of now, the share price remains a concern, especially in light of analyst downgrades.
Analysts Set New Price Targets
Analysts have recently adjusted their ratings for Cogent Communications. On August 19, 2026, JP Morgan downgraded the stock to an "Underweight" rating with a target price of $9.00, down from $22.00. However, firms like TD Cowen maintain a more optimistic view, holding a "Buy" rating with a target of $30.00. The mixed ratings and varying price targets reflect uncertainty about the company's performance and future direction.
What Cogent Communications Holdings, Inc. Does
Cogent Communications specializes in high-speed Internet access and private networking services across several continents. The company primarily serves small and medium-sized businesses and other bandwidth-intensive organizations. The recent insider buying could signal that executives believe the company has potential for recovery amid its current challenges.
What's Ahead for Cogent Communications Holdings, Inc.
Looking forward, investors will watch for Cogent's upcoming earnings report scheduled for November 5, 2026. The recent insider trades and analyst ratings will be crucial for gauging market sentiment and the company's performance as it navigates this turbulent period.
Related Filing Alerts
Source: Lewis Ferguson's Form 4 filing on $CCOI (Jun 30, 2026). Find the original filing: CCOI Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts