Insider Selling: Boingo Wireless Inc (WIFI) CEO Sells 19,833 Shares of Stock
Boingo Wireless Inc (NASDAQ:WIFI) CEO David Hagan sold 19,833 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $22.18, for a total transaction of $439,895.94. Following the completion of the sale, the chief executive officer now owns 606,186 shares in the company, valued at $13,445,205.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 mid-day trading on Thursday, reaching $22.65. 714,776 shares of the company traded hands, compared to its average volume of 468,092. Boingo Wireless Inc has a 12-month low of $10.46 and a 12-month high of $25.99. The firm has a market cap of $876.69, a P/E ratio of -39.05 and a beta of 0.53. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.09.
Hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can acquired a new position in shares of Boingo Wireless during the 3rd quarter valued at about $114,000. Legal & General Group Plc increased its stake in shares of Boingo Wireless by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock valued at $137,000 after acquiring an additional 341 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Boingo Wireless by 1.3% during the 2nd quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock valued at $156,000 after acquiring an additional 135 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Boingo Wireless during the 2nd quarter valued at about $164,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Boingo Wireless during the 3rd quarter valued at about $229,000. 89.96% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on WIFI shares. Roth Capital started coverage on shares of Boingo Wireless in a research report on Wednesday. They issued a “buy” rating and a $29.00 price objective on the stock. Craig Hallum boosted their price objective on shares of Boingo Wireless from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Thursday, October 5th. Jefferies Group boosted their target price on shares of Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Oppenheimer reissued a “buy” rating and issued a $30.00 target price on shares of Boingo Wireless in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $24.50.
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Boingo Wireless Company Profile
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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