Boingo Wireless Inc (WIFI) CEO Sells $439,895.94 in Stock

Boingo Wireless Inc (NASDAQ:WIFI) CEO David Hagan sold 19,833 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $22.18, for a total transaction of $439,895.94. Following the completion of the transaction, the chief executive officer now directly owns 606,186 shares in the company, valued at $13,445,205.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Thursday, January 18th, David Hagan sold 59,500 shares of Boingo Wireless stock. The stock was sold at an average price of $22.10, for a total transaction of $1,314,950.00.

Shares of Boingo Wireless Inc (NASDAQ WIFI) traded up $0.45 during midday trading on Thursday, hitting $22.65. 714,776 shares of the company’s stock traded hands, compared to its average volume of 468,092. The stock has a market cap of $876.69, a price-to-earnings ratio of -39.05 and a beta of 0.53. Boingo Wireless Inc has a 52 week low of $10.46 and a 52 week high of $25.99. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.09.

Boingo Wireless (NASDAQ:WIFI) last issued its earnings results on Thursday, November 2nd. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. Boingo Wireless had a negative net margin of 11.75% and a negative return on equity of 23.62%. The company had revenue of $53.66 million for the quarter, compared to analyst estimates of $50.22 million. During the same period in the previous year, the firm earned ($0.15) EPS. The business’s revenue was up 31.5% on a year-over-year basis. equities research analysts forecast that Boingo Wireless Inc will post -0.58 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can purchased a new stake in shares of Boingo Wireless in the 3rd quarter worth about $114,000. Legal & General Group Plc boosted its position in shares of Boingo Wireless by 3.9% in the 2nd quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock worth $137,000 after buying an additional 341 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Boingo Wireless by 1.3% in the 2nd quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock worth $156,000 after buying an additional 135 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Boingo Wireless in the 2nd quarter worth about $164,000. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Boingo Wireless in the 3rd quarter worth about $229,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Several brokerages have commented on WIFI. Roth Capital began coverage on shares of Boingo Wireless in a research report on Wednesday. They set a “buy” rating and a $29.00 target price on the stock. Zacks Investment Research lowered shares of Boingo Wireless from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Oppenheimer boosted their target price on shares of Boingo Wireless and gave the stock an “outperform” rating in a research report on Friday, November 3rd. BidaskClub upgraded shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, Jefferies Group boosted their target price on shares of Boingo Wireless from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $24.50.

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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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