Cogent Communications (CCOI) director reduces stake to 21,094 shares after 2,800-share sale
Rhea-AI Filing Summary
Cogent Communications Holdings director Lewis H. Ferguson reported an open-market sale of 2,800 shares of common stock. The shares were sold at an average price of $20.36 per share. After this transaction, he directly holds 21,094 shares of Cogent Communications common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,800 shares
Net Sell
1 txn
Insider
FERGUSON Lewis H
Role
Director
Sold
2,800 shs ($57K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | common stock | 2,800 | $20.36 | $57K |
Holdings After Transaction:
common stock — 21,094 shares (Direct)
Key Figures
Shares sold: 2,800 shares
Sale price: $20.36 per share
Shares held after transaction: 21,094 shares
3 metrics
Shares sold
2,800 shares
Open-market sale of common stock
Sale price
$20.36 per share
Average sale price on transaction date
Shares held after transaction
21,094 shares
Director’s direct holdings post-sale
Key Terms
open-market sale, non-derivative, common stock, Form 4
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
non-derivative financial
"transaction_type: "non-derivative""
common stock financial
"security_title: "common stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.