Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Yesterday, May 2, 2014, 147 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $416.76 to $333,500,000.00. Highlighted Stocks Traded by Insiders: Cogent Communications Group (CCOI) - FREE Research Report Beury Robert N Jr, who is VP & Chief Legal Officer at Cogent Communications Group, sold 1,000 shares at $34.78 on May 2, 2014. Following this transaction, the VP & Chief Legal Officer owned 41,640 shares meaning that the stake was reduced by 2.35% with the 1,000-share transaction. The shares most recently traded at $34.99, up $0.21, or 0.59% since the insider transaction. Historical insider transactions for Cogent Communications Group go as follows:
4-Week # shares sold: 1,000
12-Week # shares sold: 5,500
24-Week # shares sold: 15,500
The average volume for Cogent Communications Group has been 597,000 shares per day over the past 30 days. Cogent Communications Group has a market cap of $1.6 billion and is part of the technology sector and telecommunications industry. Shares are down 16.56% year-to-date as of the close of trading on Wednesday. Cogent Communications Group, Inc. provides high-speed Internet access and Internet protocol communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, and Japan. The stock currently has a dividend yield of 1.84%. The company has a P/E ratio of 28.8. Currently, there are 5 analysts who rate Cogent Communications Group a buy, 2 analysts rate it a sell, and 3 rate it a hold. Exclusive Offer: Get the latest Stock Analysis on CCOI - FREETheStreet Quant Ratings rates Cogent Communications Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, expanding profit margins, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Cogent Communications Group Ratings Report from TheStreet Quant Ratings now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.