Boingo Wireless, Inc. (NASDAQ:WIFI) CEO David Hagan sold 75,000 shares of the business’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $14.59, for a total value of $1,094,250.00. Following the sale, the chief executive officer now owns 621,853 shares in the company, valued at approximately $9,072,835.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, July 5th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $14.62, for a total value of $365,500.00.
  • 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, 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 stock was 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 stock was sold at an average price of $16.04, for a total value of $1,203,000.00.

Shares of Boingo Wireless, Inc. (NASDAQ:WIFI) traded up 4.19% during mid-day trading on Friday, hitting $14.93. The stock had a trading volume of 291,654 shares. 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. The firm has a 50 day moving average price of $15.96 and a 200 day moving average price of $13.41.

Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.18) earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $44.30 million for the quarter, compared to analyst estimates of $41.25 million. During the same quarter in the previous year, the company earned ($0.27) EPS. The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. Equities analysts predict that Boingo Wireless, Inc. will post ($0.65) EPS for the current year.

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A number of brokerages have recently commented on WIFI. ValuEngine upgraded Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Ladenburg Thalmann Financial Services upped their target price on Boingo Wireless from $16.85 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Credit Suisse Group upped their target price on Boingo Wireless from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Craig Hallum upped their target price on Boingo Wireless from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. Finally, Zacks Investment Research upgraded Boingo Wireless from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Boingo Wireless currently has a consensus rating of “Buy” and a consensus price target of $15.26.

Several large investors have recently made changes to their positions in the company. Virginia Retirement Systems ET AL purchased a new stake in shares of Boingo Wireless during the first quarter valued at approximately $134,000. Cambria Investment Management L.P. purchased a new stake in shares of Boingo Wireless during the first quarter valued at approximately $136,000. Reliance Trust Co. of Delaware raised its stake in shares of Boingo Wireless by 9.6% in the first quarter. Reliance Trust Co. of Delaware now owns 11,339 shares of the technology company’s stock valued at $147,000 after buying an additional 990 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in shares of Boingo Wireless during the first quarter valued at approximately $159,000. Finally, Stifel Financial Corp raised its stake in shares of Boingo Wireless by 3.7% in the first quarter. Stifel Financial Corp now owns 15,778 shares of the technology company’s stock valued at $205,000 after buying an additional 559 shares during the period. 88.89% of the stock is currently owned by institutional investors and hedge funds.

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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