Cogent Communications (CCOI) Insider Lynn Buys 3,445 Shares
On June 30, 2026, Kennedy Sheryl Lynn bought 3,445 shares of Cogent Communications for about $47,800.
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Kennedy Sheryl Lynn bought 3,445 shares of Cogent Communications Holdings, Inc. ($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
- Kennedy Sheryl Lynn purchased 3,445 shares of Cogent Communications (CCOI) at a price of $13.88 on June 30, 2026.
- Cogent Communications has struggled with negative revenue growth of 4.2% and a net margin of -5.1%.
- Analysts are mixed on CCOI, with targets ranging from $9.00 to $30.00 and an average target of $15.27.
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Insider Buying and Selling at Cogent Communications Holdings, Inc.
Kennedy Sheryl Lynn bought 3,445 shares of Cogent Communications Holdings, Inc. (CCOI) on June 30, 2026, at a price of $13.88 per share. The total value of this transaction is approximately $47,800. This purchase adds to a trend of insider buying on the same day, as two other insiders, Eve Howard and De SA Paul, also acquired 3,445 shares each.
Other Insider Activity
On June 30, 2026, Eve Howard and De SA Paul each purchased 3,445 shares of Cogent Communications, matching Lynn's trade. This group of purchases indicates a notable level of insider confidence in the company, reflecting a collective investment of about $143,400. Although the exact reasons for these purchases weren't disclosed, they offer insight into the insiders' perceptions of the company's potential.
How Cogent Communications Holdings, Inc. Stock Has Traded
As of the publication date, Cogent Communications shares traded at $13.88, which is considerably higher than the 52-week low of $8.56 but still far from its 52-week high of $45.69. The stock's current price is significant for insiders, as they appear to be buying at a level that still presents potential upside while the stock has faced challenges recently.
Analysts Set New Price Targets
On August 19, 2026, JP Morgan downgraded Cogent Communications to an Underweight rating, setting a price target of $9.00, down from $22.00. Other firms, including UBS and Citigroup, have maintained Neutral ratings with targets of $11.00 and $11.50 respectively. The average target price across analysts stands at $15.27, suggesting a cautious outlook on the stock amid its challenges.
About Cogent Communications
Cogent Communications provides high-speed internet access and private network services across various regions, including North America and Europe. With a focus on serving businesses, the company has faced fluctuating performance metrics, which may make insider buying particularly notable in this context.
What’s Next for Cogent?
The next earnings report from Cogent is scheduled for November 5, 2026. Investors will be closely watching for updates and insights into the company's recovery strategies and financial health. Remember that these insider transactions are based on holdings as of June 30, 2026, and may not reflect current positions.
Related Filing Alerts
Source: Kennedy Sheryl Lynn'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