Insider Buying: WidePoint Co. (WYY) Director Acquires 60,000 Shares of Stock
WidePoint Co. (NYSEAMERICAN:WYY) Director Otto J. Guenther acquired 60,000 shares of WidePoint stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average cost of $0.58 per share, with a total value of $34,800.00. Following the completion of the purchase, the director now owns 60,000 shares in the company, valued at approximately $34,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of WidePoint Co. (NYSEAMERICAN WYY) traded up $0.01 during trading hours on Tuesday, reaching $0.59. The company’s stock had a trading volume of 175,000 shares, compared to its average volume of 151,337. WidePoint Co. has a 12 month low of $0.39 and a 12 month high of $0.96.
WidePoint (NYSEAMERICAN:WYY) last issued its earnings results on Tuesday, November 14th. The technology company reported $0.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The company had revenue of $18.46 million during the quarter, compared to analysts’ expectations of $19.14 million. WidePoint had a negative return on equity of 19.55% and a negative net margin of 6.89%.
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Several research analysts recently commented on WYY shares. B. Riley reissued a “buy” rating and issued a $1.00 price objective on shares of WidePoint in a research note on Wednesday, November 15th. Zacks Investment Research raised WidePoint from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, ValuEngine raised WidePoint from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th.
An institutional investor recently raised its position in WidePoint stock. Intellectus Partners LLC raised its stake in WidePoint Co. (NYSEAMERICAN:WYY) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,855 shares of the technology company’s stock after buying an additional 5,000 shares during the quarter. Intellectus Partners LLC owned approximately 0.29% of WidePoint worth $109,000 at the end of the most recent quarter.
WidePoint Company Profile
WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.
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