Todd Dzyak Sells 10,000 Shares of WidePoint (NYSEAMERICAN:WYY) Stock

WidePoint Corporation (NYSEAMERICAN:WYY) COO Todd Dzyak sold 10,000 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the chief operating officer owned 115,436 shares in the company, valued at $2,770,464. This trade represents a 7.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Todd Dzyak also recently made the following trade(s):

• On Tuesday, June 23rd, Todd Dzyak sold 10,000 shares of WidePoint stock. The shares were sold at an average price of $15.00, for a total value of $150,000.00.

WidePoint Price Performance

WidePoint stock opened at $16.72 on Friday. WidePoint Corporation has a 52 week low of $2.80 and a 52 week high of $24.30. The business has a 50-day simple moving average of $10.10 and a 200 day simple moving average of $7.14. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The stock has a market cap of $165.36 million, a price-to-earnings ratio of -83.60 and a beta of 1.81.

WidePoint (NYSEAMERICAN:WYY) last announced its earnings results on Thursday, May 14th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.13. WidePoint had a negative return on equity of 16.24% and a negative net margin of 1.24%.The business had revenue of $40.58 million for the quarter, compared to analyst estimates of $37.87 million. On average, research analysts forecast that WidePoint Corporation will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of WidePoint

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WYY. Potomac Capital Management Inc. purchased a new position in WidePoint during the 4th quarter valued at $1,051,000. Ritholtz Wealth Management purchased a new stake in shares of WidePoint in the 4th quarter worth about $79,000. Jane Street Group LLC boosted its stake in shares of WidePoint by 98.6% during the 4th quarter. Jane Street Group LLC now owns 52,751 shares of the technology company’s stock valued at $283,000 after purchasing an additional 26,193 shares in the last quarter. Informed Momentum Co LLC bought a new stake in shares of WidePoint during the 4th quarter valued at about $527,000. Finally, Renaissance Technologies LLC increased its position in shares of WidePoint by 3.0% during the fourth quarter. Renaissance Technologies LLC now owns 132,098 shares of the technology company’s stock valued at $709,000 after buying an additional 3,898 shares during the period. Hedge funds and other institutional investors own 22.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. HC Wainwright restated a “buy” rating and set a $9.00 price objective on shares of WidePoint in a research report on Monday, March 30th. Zacks Research upgraded shares of WidePoint from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $8.67.

About WidePoint

WidePoint Corporation (NYSE American: WYY) is a provider of secure mobility management and identity management solutions. Headquartered in Reston, Virginia, the company delivers a range of managed services designed to help organizations control and secure their telecommunications and IT environments. Since its inception in the late 1990s, WidePoint has focused on helping businesses and government agencies optimize their mobile device portfolios and ensure regulatory compliance.

WidePoint’s core offerings include mobile device management, telecom expense management, and unified endpoint security.