Boingo Wireless, Inc. (WIFI) CEO Sells $373,500.00 in Stock

Boingo Wireless, Inc. (NASDAQ:WIFI) CEO David Hagan sold 25,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $14.94, for a total transaction of $373,500.00. Following the completion of the transaction, the chief executive officer now owns 621,853 shares in the company, valued at $9,290,483.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Thursday, August 10th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $18.43, for a total transaction of $460,750.00.
  • On Friday, August 11th, David Hagan sold 60,000 shares of Boingo Wireless stock. The stock was sold at an average price of $18.39, for a total transaction of $1,103,400.00.
  • On Wednesday, August 2nd, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.08, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $382,000.00.

Shares of Boingo Wireless, Inc. (NASDAQ WIFI) traded down 0.10% during trading on Friday, hitting $19.27. 326,921 shares of the stock traded hands. The company’s market cap is $772.90 million. The stock has a 50-day moving average of $16.28 and a 200 day moving average of $14.41. Boingo Wireless, Inc. has a 1-year low of $8.10 and a 1-year high of $19.71.

Boingo Wireless (NASDAQ:WIFI) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.03. The company had revenue of $49 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) earnings per share. On average, equities research analysts predict that Boingo Wireless, Inc. will post ($0.64) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of WIFI. Legal & General Group Plc increased its position in Boingo Wireless by 3.9% in the second quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock valued at $137,000 after buying an additional 341 shares during the period. Virginia Retirement Systems ET AL acquired a new position in Boingo Wireless during the first quarter valued at approximately $134,000. Royal Bank of Canada increased its position in Boingo Wireless by 1.3% in the second quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock valued at $156,000 after buying an additional 135 shares during the period. Cambria Investment Management L.P. acquired a new position in Boingo Wireless during the first quarter valued at approximately $136,000. Finally, American Century Companies Inc. acquired a new position in Boingo Wireless during the second quarter valued at approximately $164,000. 81.44% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $24.00 price objective (up previously from $18.00) on shares of Boingo Wireless in a research report on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and set a $20.00 target price (up previously from $17.00) on shares of Boingo Wireless in a research note on Wednesday, August 9th. ValuEngine upgraded shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Ladenburg Thalmann Financial Services raised their target price on shares of Boingo Wireless from $16.85 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Finally, Credit Suisse Group raised their target price on shares of Boingo Wireless from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Boingo Wireless has an average rating of “Hold” and a consensus price target of $17.93.

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)

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