Boingo Wireless, Inc. (NASDAQ:WIFI) CEO David Hagan sold 25,000 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $14.62, for a total value of $365,500.00. Following the sale, the chief executive officer now owns 621,853 shares in the company, valued at $9,091,490.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Thursday, July 6th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $14.55, for a total value of $363,750.00.
  • On Friday, July 7th, David Hagan sold 75,000 shares of Boingo Wireless stock. The shares were sold at an average price of $14.59, for a total value of $1,094,250.00.
  • On Friday, June 23rd, David Hagan sold 75,000 shares of Boingo Wireless stock. The shares were sold at an average price of $16.01, for a total value of $1,200,750.00.
  • On Friday, June 16th, David Hagan sold 82,716 shares of Boingo Wireless stock. The shares were sold at an average price of $15.68, for a total value of $1,296,986.88.
  • On Thursday, May 11th, David Hagan sold 75,000 shares of Boingo Wireless stock. The shares were sold at an average price of $16.04, for a total value of $1,203,000.00.

Boingo Wireless, Inc. (WIFI) traded up 4.19% during trading on Friday, hitting $14.93. The stock had a trading volume of 291,654 shares. The company’s 50 day moving average is $15.96 and its 200 day moving average is $13.41. Boingo Wireless, Inc. has a 52-week low of $8.10 and a 52-week high of $17.10. The firm’s market cap is $582.03 million.

Boingo Wireless (NASDAQ:WIFI) last released its earnings results on Thursday, May 4th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.03. Boingo Wireless had a negative return on equity of 24.60% and a negative net margin of 14.32%. The firm had revenue of $44.30 million for the quarter, compared to the consensus estimate of $41.25 million. During the same period in the prior year, the firm earned ($0.27) EPS. The firm’s revenue was up 28.4% on a year-over-year basis. Equities research analysts forecast that Boingo Wireless, Inc. will post ($0.65) earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Boingo Wireless by 9.7% in the first quarter. Renaissance Technologies LLC now owns 1,941,005 shares of the technology company’s stock valued at $25,214,000 after buying an additional 172,305 shares during the last quarter. Vanguard Group Inc. increased its position in Boingo Wireless by 10.8% in the first quarter. Vanguard Group Inc. now owns 1,716,153 shares of the technology company’s stock valued at $22,292,000 after buying an additional 167,407 shares during the last quarter. Russell Investments Group Ltd. increased its position in Boingo Wireless by 23.1% in the first quarter. Russell Investments Group Ltd. now owns 755,061 shares of the technology company’s stock valued at $9,808,000 after buying an additional 141,865 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Boingo Wireless by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,758,272 shares of the technology company’s stock valued at $21,433,000 after buying an additional 128,538 shares during the last quarter. Finally, Spark Investment Management LLC increased its position in Boingo Wireless by 107.1% in the first quarter. Spark Investment Management LLC now owns 242,500 shares of the technology company’s stock valued at $3,150,000 after buying an additional 125,400 shares during the last quarter. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on the company. ValuEngine upgraded Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Craig Hallum increased their target price on Boingo Wireless from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Credit Suisse Group reiterated a “buy” rating and set a $16.00 target price on shares of Boingo Wireless in a research note on Tuesday, April 18th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $15.00 target price on shares of Boingo Wireless in a research note on Friday, March 10th. Finally, Ladenburg Thalmann Financial Services increased their target price on Boingo Wireless from $16.85 to $18.50 and gave the company a “buy” rating in a research note on Thursday, May 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $15.26.

About Boingo Wireless

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices.

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

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