Boingo Wireless (NASDAQ:WIFI) CEO David Hagan Sells 59,500 Shares

Boingo Wireless (NASDAQ:WIFI) CEO David Hagan sold 59,500 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $27.47, for a total value of $1,634,465.00. Following the completion of the sale, the chief executive officer now directly owns 666,870 shares of the company’s stock, valued at approximately $18,318,918.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

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  • On Tuesday, March 13th, David Hagan sold 19,833 shares of Boingo Wireless stock. The stock was sold at an average price of $27.17, for a total value of $538,862.61.
  • On Tuesday, February 13th, David Hagan sold 19,833 shares of Boingo Wireless stock. The stock was sold at an average price of $23.00, for a total value of $456,159.00.
  • On Thursday, February 15th, David Hagan sold 59,500 shares of Boingo Wireless stock. The stock was sold at an average price of $23.12, for a total value of $1,375,640.00.
  • On Tuesday, January 16th, David Hagan sold 19,833 shares of Boingo Wireless stock. The stock was sold at an average price of $22.18, for a total value of $439,895.94.
  • 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 value of $1,314,950.00.

WIFI stock traded up $0.32 during trading on Friday, hitting $25.13. 664,570 shares of the company traded hands, compared to its average volume of 280,646. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.07. Boingo Wireless has a 1 year low of $12.88 and a 1 year high of $28.34.

Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings results on Tuesday, February 27th. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.09. The company had revenue of $57.35 million during the quarter, compared to analysts’ expectations of $54.48 million. Boingo Wireless had a negative return on equity of 20.09% and a negative net margin of 9.40%. equities research analysts forecast that Boingo Wireless will post -0.41 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in Boingo Wireless by 35.8% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 132,100 shares of the technology company’s stock valued at $2,972,000 after purchasing an additional 34,800 shares during the period. MetLife Investment Advisors LLC acquired a new stake in Boingo Wireless in the fourth quarter valued at approximately $391,000. Millennium Management LLC grew its holdings in Boingo Wireless by 13.7% in the fourth quarter. Millennium Management LLC now owns 549,120 shares of the technology company’s stock valued at $12,355,000 after purchasing an additional 65,956 shares during the period. Raymond James & Associates acquired a new stake in Boingo Wireless in the fourth quarter valued at approximately $926,000. Finally, QS Investors LLC grew its holdings in Boingo Wireless by 5.0% in the fourth quarter. QS Investors LLC now owns 138,384 shares of the technology company’s stock valued at $3,114,000 after purchasing an additional 6,569 shares during the period. 91.12% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on WIFI. ValuEngine upgraded Boingo Wireless from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BidaskClub cut Boingo Wireless from a “buy” rating to a “hold” rating in a research note on Friday, March 30th. Zacks Investment Research cut Boingo Wireless from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. William Blair restated an “outperform” rating on shares of Boingo Wireless in a research note on Monday, March 12th. Finally, Northland Securities reiterated a “buy” rating on shares of Boingo Wireless in a research report on Thursday, March 1st. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $28.39.

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Boingo Wireless Company Profile

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.

Insider Buying and Selling by Quarter for Boingo Wireless (NASDAQ:WIFI)

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