CTO; VP Optical Transport of Cogent Communications Group, Inc. (CCOI) Raymond B Kummer sells 4,100 shares of CCOI on 02/28/2013 at an average price of $25.28 a share.

Cogent Communications Group, Inc. has a market cap of $1.17 billion; its shares were traded at around $24.93 with a P/E ratio of 757.9 and P/S ratio of 3.6. The dividend yield of Cogent Communications Group, Inc. stocks is 1.3%. Cogent Communications Group, Inc. had an annual average earning growth of 29.3% over the past 5 years.

CFO Recent Trades:

• VP, CFO & Treasurer Thaddeus Gerard Weed sold 5,000 shares of CCOI stock on 02/25/2013 at the average price of 25.21. Thaddeus Gerard Weed owns at least 91,749 shares after this. The price of the stock has decreased by 1.11% since.
• VP, CFO & Treasurer Thaddeus Gerard Weed sold 10,000 shares of CCOI stock on 11/28/2012 at the average price of 21.1. Thaddeus Gerard Weed owns at least 108,749 shares after this. The price of the stock has increased by 18.15% since.

This is the insider trade history vs. stock price of CCOI. For the complete insider trading history of CCOI, click here.

Directors and Officers Recent Trades:

• CTO; VP Optical Transport Raymond B Kummer sold 4,100 shares of CCOI stock on 02/28/2013 at the average price of 25.28. Raymond B Kummer owns at least 74,940 shares after this. The price of the stock has decreased by 1.38% since.
• Director Erel N Margalit sold 20,500 shares of CCOI stock on 02/27/2013 at the average price of 24.96. The price of the stock has decreased by 0.12% since.
• VP Field Engineering Timothy G Oneill sold 5,000 shares of CCOI stock on 02/01/2013 at the average price of 25.08. Timothy G Oneill owns at least 67,452 shares after this. The price of the stock has decreased by 0.6% since.
• VP & Chief Legal Officer Robert N Jr Beury sold 1,000 shares of CCOI stock on 01/15/2013 at the average price of 23.44. Robert N Jr Beury owns at least 54,140 shares after this. The price of the stock has increased by 6.36% since.
• VP Field Engineering Timothy G Oneill sold 1,500 shares of CCOI stock on 01/11/2013 at the average price of 23.59. Timothy G Oneill owns at least 79,652 shares after this. The price of the stock has increased by 5.68% since.

For the complete insider trading history of CCOI, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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