CCOI - David Schaeffer Implements A Sell Strategy: Offloads $2.38M In Cogent Comms Hldgs Stock | Benzinga
David Schaeffer, Chairman at Cogent Comms Hldgs (NASDAQ:CCOI), disclosed an insider sell on March 14, according to a recent SEC filing.
What Happened: Schaeffer's decision to sell 35,000 shares of Cogent Comms Hldgs was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $2,377,550.
Cogent Comms Hldgs shares are trading down 0.1% at $67.22 at the time of this writing on Thursday morning.
About Cogent Comms Hldgs
Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US.
Cogent Comms Hldgs: Delving into Financials
Revenue Growth: Cogent Comms Hldgs's revenue ...