Have Insiders Sold Cogent Communications Holdings Shares Recently?

Anyone interested in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) should probably be aware that the VP, CFO & Treasurer, Thaddeus Weed, recently divested US$175k worth of shares in the company, at an average price of US$23.99 each. However, the silver lining is that the sale only reduced their total holding by 7.6%, so we're hesitant to read anything much into it, on its own.

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The Last 12 Months Of Insider Transactions At Cogent Communications Holdings

In the last twelve months, the biggest single sale by an insider was when the Founder, David Schaeffer, sold US$60m worth of shares at a price of US$32.60 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$23.05). So it may not tell us anything about how insiders feel about the current share price.

Insiders in Cogent Communications Holdings didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Cogent Communications Holdings

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Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Cogent Communications Holdings insiders own 2.5% of the company, worth about US$28m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Cogent Communications Holdings Tell Us?

Insiders sold Cogent Communications Holdings shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To that end, you should learn about the 5 warning signs we've spotted with Cogent Communications Holdings (including 3 which are a bit concerning).

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.