Boingo Wireless, Inc. (NASDAQ:WIFI) CEO David Hagan sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $18.43, for a total value of $460,750.00. Following the transaction, the chief executive officer now directly owns 621,853 shares of the company’s stock, valued at approximately $11,460,750.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, August 11th, David Hagan sold 60,000 shares of Boingo Wireless stock. The shares were sold at an average price of $18.39, for a total value of $1,103,400.00.
  • On Wednesday, August 2nd, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.08, for a total value of $377,000.00.
  • On Thursday, August 3rd, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.16, for a total value of $379,000.00.
  • On Friday, August 4th, David Hagan sold 75,000 shares of Boingo Wireless stock. The shares were sold at an average price of $16.22, for a total value of $1,216,500.00.
  • On Thursday, July 27th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.03, for a total value of $375,750.00.
  • On Wednesday, July 26th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.32, for a total value of $383,000.00.
  • On Friday, July 28th, David Hagan sold 75,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.06, for a total value of $1,129,500.00.
  • On Thursday, July 20th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.34, for a total value of $383,500.00.
  • On Wednesday, July 19th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.28, for a total value of $382,000.00.
  • On Friday, July 21st, David Hagan sold 75,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.27, for a total value of $1,145,250.00.

Boingo Wireless, Inc. (WIFI) traded up 0.16% during midday trading on Friday, reaching $18.41. The company’s stock had a trading volume of 339,015 shares. The stock’s market capitalization is $738.41 million. The firm’s 50-day moving average price is $15.66 and its 200-day moving average price is $14.10. Boingo Wireless, Inc. has a 52 week low of $8.10 and a 52 week high of $19.42.

Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.03. The business had revenue of $49 million during the quarter, compared to analyst estimates of $46.23 million. Boingo Wireless had a negative net margin of 13.85% and a negative return on equity of 25.82%. The company’s revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) earnings per share. On average, analysts anticipate that Boingo Wireless, Inc. will post ($0.64) earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Boingo Wireless, Inc. (WIFI) CEO David Hagan Sells 25,000 Shares” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/08/11/boingo-wireless-inc-wifi-ceo-david-hagan-sells-25000-shares-3.html.

Several research firms recently commented on WIFI. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $24.00 price target (up previously from $18.00) on shares of Boingo Wireless in a report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 price target (up previously from $17.00) on shares of Boingo Wireless in a report on Wednesday. Benchmark Co. increased their price target on Boingo Wireless from $18.00 to $24.00 and gave the company a “buy” rating in a report on Friday, August 4th. Craig Hallum increased their price target on Boingo Wireless from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, ValuEngine raised Boingo Wireless from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Boingo Wireless currently has a consensus rating of “Hold” and a consensus price target of $17.93.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Millrace Asset Group Inc. increased its position in shares of Boingo Wireless by 6.6% in the first quarter. Millrace Asset Group Inc. now owns 138,200 shares of the technology company’s stock valued at $1,795,000 after buying an additional 8,496 shares during the period. Airain ltd acquired a new position in shares of Boingo Wireless during the first quarter valued at $333,000. Hood River Capital Management LLC increased its position in shares of Boingo Wireless by 3.2% in the first quarter. Hood River Capital Management LLC now owns 660,045 shares of the technology company’s stock valued at $8,574,000 after buying an additional 20,679 shares during the period. Virginia Retirement Systems ET AL acquired a new position in shares of Boingo Wireless during the first quarter valued at $134,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Boingo Wireless during the first quarter valued at $159,000. Institutional investors own 86.35% of the company’s stock.

Boingo Wireless Company Profile

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor Distributed Antenna System (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)

Receive News & Ratings for Boingo Wireless Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boingo Wireless Inc. and related companies with MarketBeat.com's FREE daily email newsletter.