Eve Howard Acquires Shares in Cogent Communications

On June 30, 2026, Eve Howard acquired 3,445 shares of Cogent Communications Holdings, Inc. (NASDAQ: CCOI). This insider purchase was not part of a pre-arranged plan. Shares of Cogent Communications traded near $13.88 on Wednesday.

Insider Buying and Selling at Cogent Communications Holdings, Inc.

Eve Howard was among several insiders who acquired shares of Cogent Communications on June 30, 2026. Each insider, including Lewis Ferguson and Sheryl Lynn Kennedy, bought 3,445 shares. Thaddeus Gerard Weed, the company's Vice President and CFO, sold 4,850 shares on June 16, 2026, at an average price of $16.79.

Other Institutional Activity in Cogent Communications

Vanguard Portfolio Management LLC opened a new position in Cogent Communications, acquiring 2,748,759 shares valued at approximately $51.8 million. Turtle Creek Asset Management Inc. increased its holdings by 312,050 shares, ending with 4,348,897 shares worth about $81.9 million, marking a 7.7% increase. State Street Corp also added 203,133 shares, raising its stake by 9.8% to 2,273,265 shares valued at $42.8 million. On the other hand, BlackRock, Inc. trimmed its position by 115,645 shares, a 1.6% decrease, holding 7,075,372 shares valued at $133.3 million.

Cogent Communications Holdings, Inc. Stock Up 46.4%

Cogent Communications Holdings, Inc. has a market capitalization of around $695.1 million. As of Wednesday, the stock was trading near $13.88. The company, operating in the Telecom Services industry, has a forward P/E ratio of -4.70 and a beta of 0.747. Over the past 52 weeks, the stock has traded between $12.33 and $54.37. It has a 50-day moving average of $18.03 and a 200-day moving average of $24.50. The company's current ratio stands at 1.90, with a quick ratio of 1.43.

Recent Earnings

Cogent Communications reported revenue of $889.4 million, with a revenue decline of 3.2%. The company posted a net margin of -19.1% and a return on equity of -8.8%. The next earnings release is scheduled for August 6, 2026.

Dividend

Cogent Communications pays an annual dividend of $1.08 per share, offering a yield of 7.74%. The dividend payout ratio is 562.32%.

Analysts Set New Price Targets

On May 19, 2026, Citigroup maintained its hold rating on Cogent Communications with a price target of $20.00. JP Morgan upgraded the stock to a buy on May 5, 2026, setting a target of $22.00. Overall, the consensus recommendation for Cogent Communications is a buy, with a mean price target of $21.27 across 11 analyst opinions.

About Cogent Communications

Cogent Communications Holdings, Inc. is a telecom services provider headquartered in Washington, DC. The company, led by CEO David Schaeffer, offers high-speed internet access and data center colocation services across North America, South America, Europe, Oceania, and Africa. With around 1,795 employees, Cogent serves small and medium-sized businesses, as well as bandwidth-intensive organizations.

Bottom Line

Eve Howard's purchase of Cogent Communications shares adds to the insider activity at the company. Investors often watch insider transactions as they can signal confidence in the company's future. However, it's important to remember that these insider buys are backward-looking and may not reflect current market conditions.