Cogent Communications (CCOI) CFO Thaddeus Weed Sells 4,850 Share
Cogent Communications (CCOI) CFO Thaddeus Weed sold 4,850 shares at $9.37 each, totaling $45,444.50. He now owns 193,050 shares. Over the past year, Weed sold 21,850 shares with no purchases. The company's stock trades at $9.37, well below its estimated intrinsic value of $52.95, according to GuruFocus, which labels it a 'Possible Value Trap'.
How this was made
The 30-second read
Why it matters
Insider selling adds a cautionary note to the already deep discount to intrinsic value.
Market read
The filing provides fresh insider activity data that may affect short‑term trading decisions.
What to watch
Low valuation relative to intrinsic value could still attract value investors despite insider selling.
Background
Cogent Communications is a Tier 1 internet service provider with a market cap around $489 million.
Ticker impact
CFO Thaddeus Weed sold 4,850 shares at $9.37, reducing his stake to 193,050 shares.
Potential short‑term pressure on the stock, modest downside risk.
The sale size (~$45k) is small relative to market cap, but the cumulative insider selling trend may influence sentiment.
Market effects
Highlights ongoing concerns in the telecom services sector about insider confidence.
Limited to U.S. small‑cap telecom space.
Minimal; no broader market effect.
Counterpoint
The sale may be personal portfolio rebalancing, not a signal of company weakness.
Key entities
- ExecutiveThaddeus Weed
Vice President and Chief Financial Officer of Cogent Communications.


