On September 10, 2024, Sheryl Kennedy, Director at Cogent Communications Holdings Inc (NASDAQ:CCOI), executed a sale of 1,550 shares of the company. The transaction was filed on September 11, 2024, as per the SEC Filing. Following this transaction, the insider now owns 10,216 shares of Cogent Communications Holdings Inc.

• 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, Sheryl Kennedy has sold a total of 4,115 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 43 insider sells and only 1 insider buy over the last year.

Shares of Cogent Communications Holdings Inc were priced at $71.06 on the day of the transaction. The company has a market cap of approximately $3.43 billion. The price-earnings ratio stands at 77.02, which is above the industry median of 15.855.

The GF Value of the stock is $105.58, indicating a price-to-GF-Value ratio of 0.67. This suggests that the stock might be a possible value trap, and potential investors should think twice before making an investment decision based on the GF Value.

This insider sale could be of interest to current and potential investors as it reflects the actions of a company director in relation to their holdings in the firm. Monitoring insider transactions is often considered a vital part of understanding the internal perspectives within a company.

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.