Dave Schaeffer, Chairman, CEO, and President, and 10% Owner of Cogent Communications Holdings Inc (NASDAQ:CCOI), sold 65,000 shares of the company on September 10, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 4,308,038 shares of the company.

• Warning! GuruFocus has detected 8 Warning Signs with CCOI.

Cogent Communications Holdings Inc specializes in providing high-speed Internet access and Internet Protocol communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. The company operates a large fiber optic network that spans multiple countries, offering services such as dedicated Internet access and data transport.

Over the past year, Dave Schaeffer has sold a total of 653,191 shares and has not made any purchases of the company's stock. The insider transaction history for Cogent Communications Holdings Inc shows a trend with 1 insider buy and 43 insider sells over the past year.

On the day of the sale, shares of Cogent Communications Holdings Inc were trading at $71.75. The company has a market cap of approximately $3.435 billion. The price-earnings ratio stands at 77.02, which is above the industry median of 15.855.

The stock's valuation according to the GF Value is $105.58, indicating a price-to-GF-Value ratio of 0.68. This suggests that the stock might be a possible value trap, and potential investors should think twice before making an investment decision.

The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.

This insider sale might be of interest to current and potential shareholders, as it provides insight into the actions of key executives and their perspective on the stock's value.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.