Lead Independent Director Marc Montagner just bought 16% more shares in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). | Wbactive

The following along with Cogent Communications Holdings, Inc. (NASDAQ:CCOI) will no doubt be intrigued by the recent purchase of shares by the company’s Lead Independent Director, Marc Montagner, who spent a staggering $549,000 on shares at an average price of $54.88. Not only is this a big move, but it also increased their holding size by 16%, which is definitely great to see.

Our analysis indicates this CCOI is potentially undervalued!

Cogent Communications Holdings insider transactions over the past year

Notably, Marc Montagner’s recent purchase is the largest insider buy of Cogent Communications Holdings stock we’ve seen in the last year. So it’s clear that an insider wanted to buy, around the current price of $57.91. While their opinions may have changed since the purchase, it at least suggests they had confidence in the company’s future. On balance, if someone is buying stocks well below the current price, that’s a good sign, but keep in mind that they may no longer see value. If so, we’re happy to report that the insider bought shares at near current prices. The only single insider who bought in the last year was Marc Montagner.

Over the past year, we’ve seen more insider selling of Cogent Communications Holdings stock than buying. Below is a visual representation of insider transactions (both corporate and individual) over the past 12 months. If you click on the chart you will see all the individual transactions including the stock price, the individual and the date!

NasdaqGS:CCOI insider trading volume as of November 17, 2022

I’ll like Cogent Communications Holdings better if I see some big insider buys. While we wait, take a look at this free List of growing companies with significant recent insider purchases.

Insider Property

Looking at the total number of insider holdings in a company can help inform your opinion of whether they are well aligned with common shareholders. Typically, the higher the insider ownership, the more likely it is that insiders will be incentivized to build the company over the long term. It’s great to see that Cogent Communications Holdings insiders own 12% of the company, valued at approximately $311 million. I like to see this level of insider ownership because it increases the likelihood that management has the best interests of shareholders in mind.

What could the insider transactions at Cogent Communications Holdings tell us?

The recent insider buy is encouraging. On the other hand, the transaction history in the last year is not so positive. The recent purchase by an insider, coupled with a high proportion of insiders, suggests that Cogent Communications Holdings insiders are fairly aligned and bullish. In addition to being aware of ongoing insider transactions, it is beneficial to identify the risks Cogent Communications Holdings faces. Case in point: We discovered it 3 warning signs for Cogent Communications Holdings you should be aware of this.

If you’d prefer to look at another company — one with potentially superior financials — then don’t miss it free List of interesting companies with HIGH return on equity and low debt.

For the purposes of this article, insiders are individuals who report their transactions to the relevant regulator. We currently account for open market transactions and private dispositions, but not derivatives transactions.

The assessment is complex, but we help to simplify it.

find out if Cogent Communications Holdings may be over or under priced by reviewing our comprehensive analysis which includes the following Fair Value Estimates, Risks and Warnings, Dividends, Insider Trading and Financial Health.

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

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