Boingo Wireless Inc (NASDAQ:WIFI) insider Derek Peterson sold 23,853 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $28.01, for a total value of $668,122.53. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Boingo Wireless Inc (NASDAQ:WIFI) traded down $0.31 during trading on Monday, reaching $27.33. The company had a trading volume of 333,866 shares, compared to its average volume of 437,626. Boingo Wireless Inc has a 1-year low of $11.35 and a 1-year high of $28.34. The company has a market capitalization of $1,133.10, a P/E ratio of -56.41 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.50 and a quick ratio of 0.50.
A number of institutional investors have recently made changes to their positions in WIFI. Bank of New York Mellon Corp grew its holdings in Boingo Wireless by 99.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,113,217 shares of the technology company’s stock worth $25,047,000 after buying an additional 555,471 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Boingo Wireless by 15.2% during the fourth quarter. Renaissance Technologies LLC now owns 3,001,000 shares of the technology company’s stock worth $67,523,000 after buying an additional 395,200 shares in the last quarter. Granite Investment Partners LLC grew its holdings in Boingo Wireless by 150.2% during the third quarter. Granite Investment Partners LLC now owns 558,106 shares of the technology company’s stock worth $11,927,000 after buying an additional 335,019 shares in the last quarter. Monarch Partners Asset Management LLC grew its holdings in Boingo Wireless by 1,246.2% during the fourth quarter. Monarch Partners Asset Management LLC now owns 310,708 shares of the technology company’s stock worth $6,991,000 after buying an additional 287,628 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Boingo Wireless by 70.3% during the fourth quarter. Allianz Asset Management GmbH now owns 680,641 shares of the technology company’s stock worth $15,314,000 after buying an additional 280,930 shares in the last quarter. Institutional investors and hedge funds own 91.80% of the company’s stock.
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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.
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