pdvWireless Inc (PDVW) EVP Sells $30,105.00 in Stock

pdvWireless Inc (NASDAQ:PDVW) EVP Richard E. Rohmann sold 900 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $33.45, for a total value of $30,105.00. Following the completion of the transaction, the executive vice president now directly owns 11,309 shares in the company, valued at approximately $378,286.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of pdvWireless Inc (NASDAQ:PDVW) traded down $0.65 during trading on Tuesday, reaching $33.20. The company had a trading volume of 12,949 shares, compared to its average volume of 11,960. The firm has a market cap of $488.73, a P/E ratio of -12.77 and a beta of 0.51. pdvWireless Inc has a twelve month low of $18.70 and a twelve month high of $36.00.

pdvWireless (NASDAQ:PDVW) last issued its quarterly earnings data on Tuesday, November 7th. The wireless provider reported ($0.57) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.06. pdvWireless had a negative return on equity of 16.24% and a negative net margin of 670.81%. equities analysts forecast that pdvWireless Inc will post -2.41 EPS for the current fiscal year.

A number of research firms have recently weighed in on PDVW. B. Riley reissued a “buy” rating and issued a $59.00 price target on shares of pdvWireless in a research note on Friday, December 15th. BidaskClub raised pdvWireless from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Zacks Investment Research downgraded pdvWireless from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, ValuEngine downgraded pdvWireless from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th.

A number of institutional investors have recently modified their holdings of PDVW. The Manufacturers Life Insurance Company raised its stake in pdvWireless by 5.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock worth $190,000 after buying an additional 448 shares during the period. Dimensional Fund Advisors LP acquired a new stake in pdvWireless during the 3rd quarter worth $212,000. State Board of Administration of Florida Retirement System acquired a new stake in pdvWireless during the 3rd quarter worth $215,000. Teachers Advisors LLC raised its stake in pdvWireless by 2.2% during the 2nd quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock worth $420,000 after buying an additional 391 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in pdvWireless by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,852 shares of the wireless provider’s stock worth $789,000 after buying an additional 209 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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About pdvWireless

pdvWireless, Inc, formerly Pacific DataVision, Inc, is a wireless communications carrier and a provider of mobile workforce communication and location-based solutions. The Company’s solutions focus on enhancing the productivity of its customers’ field-based workers, and the efficiency of their dispatch and call center operations.

Insider Buying and Selling by Quarter for pdvWireless (NASDAQ:PDVW)

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