Boingo Wireless (WIFI) CEO Sells $403,403.22 in Stock

Boingo Wireless (NASDAQ:WIFI) CEO David Hagan sold 19,833 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $20.34, for a total transaction of $403,403.22. Following the completion of the transaction, the chief executive officer now directly owns 684,870 shares in the company, valued at approximately $13,930,255.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

David Hagan also recently made the following trade(s):

  • On Thursday, May 17th, David Hagan sold 59,500 shares of Boingo Wireless stock. The stock was sold at an average price of $20.42, for a total transaction of $1,214,990.00.
  • On Tuesday, April 17th, David Hagan sold 19,833 shares of Boingo Wireless stock. The stock was sold at an average price of $25.12, for a total transaction of $498,204.96.
  • On Thursday, April 19th, David Hagan sold 59,500 shares of Boingo Wireless stock. The stock was sold at an average price of $25.15, for a total transaction of $1,496,425.00.
  • On Tuesday, March 13th, David Hagan sold 19,833 shares of Boingo Wireless stock. The stock was sold at an average price of $27.17, for a total transaction of $538,862.61.
  • On Thursday, March 15th, David Hagan sold 59,500 shares of Boingo Wireless stock. The stock was sold at an average price of $27.47, for a total transaction of $1,634,465.00.

NASDAQ WIFI opened at $21.12 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.07. The stock has a market cap of $867.68 million, a price-to-earnings ratio of -43.10 and a beta of 0.61. Boingo Wireless has a one year low of $14.33 and a one year high of $28.34.

Boingo Wireless (NASDAQ:WIFI) last posted its earnings results on Tuesday, February 27th. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. The business had revenue of $57.35 million for the quarter, compared to the consensus estimate of $54.48 million. Boingo Wireless had a negative net margin of 7.13% and a negative return on equity of 15.98%. equities research analysts expect that Boingo Wireless will post -0.43 EPS for the current year.

Several research analysts recently commented on the stock. ValuEngine raised shares of Boingo Wireless from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. BidaskClub downgraded shares of Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Saturday, April 28th. Zacks Investment Research raised shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Saturday, May 5th. William Blair reaffirmed an “outperform” rating on shares of Boingo Wireless in a research note on Monday, March 12th. Finally, Northland Securities reaffirmed a “buy” rating on shares of Boingo Wireless in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $28.39.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its position in Boingo Wireless by 4.0% during the 4th quarter. BlackRock Inc. now owns 3,755,061 shares of the technology company’s stock valued at $84,487,000 after purchasing an additional 144,367 shares during the period. Renaissance Technologies LLC increased its position in Boingo Wireless by 15.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,001,000 shares of the technology company’s stock valued at $67,523,000 after purchasing an additional 395,200 shares during the period. Hood River Capital Management LLC increased its position in Boingo Wireless by 22.4% during the 1st quarter. Hood River Capital Management LLC now owns 1,414,116 shares of the technology company’s stock valued at $35,028,000 after purchasing an additional 258,883 shares during the period. Bank of New York Mellon Corp increased its position in Boingo Wireless by 99.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,113,217 shares of the technology company’s stock valued at $25,047,000 after purchasing an additional 555,471 shares during the period. Finally, Rice Hall James & Associates LLC increased its position in Boingo Wireless by 4.8% during the 4th quarter. Rice Hall James & Associates LLC now owns 833,029 shares of the technology company’s stock valued at $18,743,000 after purchasing an additional 37,879 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Boingo Wireless Company Profile

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.

Insider Buying and Selling by Quarter for Boingo Wireless (NASDAQ:WIFI)

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