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Dave Schaeffer, the Chairman, CEO, and President of Cogent Communications Holdings, Inc. (NASDAQ:CCOI), recently sold a significant portion of his company stock amid a challenging period for the company’s shares, which have declined over 35% in the past six months. On June 5, 2025, Schaeffer sold a total of 75,000 shares of common stock in two separate transactions. The sales were executed at prices ranging from $47.2883 to $47.3081 per share, amounting to a total of approximately $3.55 million. According to InvestingPro analysis, the company maintains an impressive 8.44% dividend yield and has raised its dividend for 13 consecutive years.
Following these transactions, Schaeffer retains ownership of 3,781,721 shares of Cogent Communications stock. These sales are part of routine stock transactions by company executives and are disclosed to provide transparency to investors and the public. InvestingPro analysis reveals that while the company currently shows a weak financial health score, it maintains strong dividend consistency. Subscribers can access 10+ additional exclusive ProTips and comprehensive financial metrics to better understand CCOI’s investment potential.
In other recent news, Cogent Communications Holdings Inc. reported its first-quarter 2025 earnings, which fell short of analyst expectations. The company announced an earnings per share (EPS) of -1.09 USD, slightly missing the forecast of -1.05 USD, and reported revenue of 247 million USD, below the projected 251.36 million USD. Despite these results, the company achieved a 1.9% increase in EBITDA as adjusted, reaching 68.8 million USD, and saw a significant improvement in gross margin by 790 basis points from the previous year. Additionally, Cogent announced a 600 million USD senior secured notes offering, with plans to use part of the proceeds to redeem existing 500 million USD senior secured notes due in 2026.
Analyst firms have adjusted their outlook on Cogent Communications. Citi reduced its price target for the company from 82 USD to 67 USD but maintained a Buy rating, citing mixed performance across its verticals. JPMorgan also lowered its price target from 76 USD to 62 USD while keeping a Neutral rating, following weaker first-quarter results. The company anticipates realizing 240 million USD in cost savings by the second quarter of 2026, with ongoing data center monetization efforts showing progress.
Cogent Communications has also updated its incentive plan and bylaws following its Annual Meeting. Stockholders approved amendments to the incentive award plan, increasing the number of shares available for issuance and extending the date for awards. The meeting also saw the election of directors and the approval of Ernst & Young LLP as independent registered public accountants for the fiscal year ending December 31, 2025.
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