Boingo Wireless, Inc. (NASDAQ:WIFI) CEO David Hagan sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $15.28, for a total value of $382,000.00. Following the completion of the sale, the chief executive officer now directly owns 621,853 shares in the company, valued at approximately $9,501,913.84. 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 20th, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.34, for a total value of $383,500.00.
  • On Friday, July 21st, David Hagan sold 75,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.27, for a total value of $1,145,250.00.
  • On Thursday, July 13th, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $14.94, for a total value of $373,500.00.
  • On Wednesday, July 12th, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.29, for a total value of $382,250.00.
  • On Friday, July 14th, David Hagan sold 75,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.01, for a total value of $1,125,750.00.
  • On Wednesday, July 5th, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was 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 stock was 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 stock was 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.

Shares of Boingo Wireless, Inc. (NASDAQ:WIFI) traded up 0.99% during mid-day trading on Friday, reaching $15.36. The company’s stock had a trading volume of 303,061 shares. The firm’s market capitalization is $598.79 million. Boingo Wireless, Inc. has a 12 month low of $8.10 and a 12 month high of $17.10. The company has a 50 day moving average of $15.66 and a 200-day moving average of $13.68.

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

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in Boingo Wireless by 7.7% in the fourth quarter. State Street Corp now owns 574,615 shares of the technology company’s stock valued at $7,006,000 after buying an additional 40,912 shares in 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 in the last quarter. Metropolitan Life Insurance Co. NY increased its position in Boingo Wireless by 14.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 25,544 shares of the technology company’s stock valued at $311,000 after buying an additional 3,295 shares in the last quarter. Teachers Advisors LLC increased its position in Boingo Wireless by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 94,267 shares of the technology company’s stock valued at $1,149,000 after buying an additional 673 shares in the last quarter. Finally, Reliance Trust Co. of Delaware increased its position in 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 in the last quarter. 88.88% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on WIFI shares. Credit Suisse Group lifted their target price on Boingo Wireless from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. BidaskClub raised Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Benchmark Co. started coverage on Boingo Wireless in a research note on Tuesday, April 25th. They set a “buy” rating and a $18.00 target price on the stock. Zacks Investment Research raised 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, July 5th. Finally, Craig Hallum lifted their target price on Boingo Wireless from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus 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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