Boingo Wireless, Inc. (WIFI) CEO David Hagan Sells 25,000 Shares

Boingo Wireless, Inc. (NASDAQ:WIFI) CEO David Hagan sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $15.29, for a total value of $382,250.00. Following the completion of the sale, the chief executive officer now directly owns 621,853 shares in the company, valued at approximately $9,508,132.37. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Thursday, July 13th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $14.94, for a total value of $373,500.00.
  • On Friday, July 14th, David Hagan sold 75,000 shares of Boingo Wireless stock. The shares were sold at an average price of $15.01, for a total value of $1,125,750.00.
  • On Wednesday, July 5th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $14.62, for a total value of $365,500.00.
  • On Thursday, July 6th, David Hagan sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $14.55, for a total value of $363,750.00.
  • On Friday, July 7th, David Hagan sold 75,000 shares of Boingo Wireless stock. The shares were sold at an average price of $14.59, for a total value of $1,094,250.00.
  • On Friday, June 23rd, David Hagan sold 75,000 shares of Boingo Wireless stock. The shares were sold at an average price of $16.01, for a total value of $1,200,750.00.
  • On Friday, June 16th, David Hagan sold 82,716 shares of Boingo Wireless stock. The shares were sold at an average price of $15.68, for a total value of $1,296,986.88.
  • On Thursday, May 11th, David Hagan sold 75,000 shares of Boingo Wireless stock. The shares were sold at an average price of $16.04, for a total value of $1,203,000.00.

Boingo Wireless, Inc. (WIFI) traded up 0.20% during mid-day trading on Monday, hitting $14.79. The stock had a trading volume of 123,299 shares. Boingo Wireless, Inc. has a 1-year low of $8.10 and a 1-year high of $17.10. The stock has a 50 day moving average of $15.96 and a 200-day moving average of $13.41. The firm’s market cap is $576.57 million.

Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.03. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $41.25 million. Boingo Wireless had a negative return on equity of 24.60% and a negative net margin of 14.32%. The firm’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.27) EPS. Analysts predict that Boingo Wireless, Inc. will post ($0.67) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in Boingo Wireless by 9.7% in the first quarter. Renaissance Technologies LLC now owns 1,941,005 shares of the technology company’s stock worth $25,214,000 after buying an additional 172,305 shares during the period. Vanguard Group Inc. boosted its stake in Boingo Wireless by 10.8% in the first quarter. Vanguard Group Inc. now owns 1,716,153 shares of the technology company’s stock worth $22,292,000 after buying an additional 167,407 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Boingo Wireless by 23.1% in the first quarter. Russell Investments Group Ltd. now owns 755,061 shares of the technology company’s stock worth $9,808,000 after buying an additional 141,865 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Boingo Wireless by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,758,272 shares of the technology company’s stock worth $21,433,000 after buying an additional 128,538 shares in the last quarter. Finally, Spark Investment Management LLC boosted its stake in Boingo Wireless by 107.1% in the first quarter. Spark Investment Management LLC now owns 242,500 shares of the technology company’s stock worth $3,150,000 after buying an additional 125,400 shares in the last quarter. 88.88% of the stock is currently owned by institutional investors.

WIFI has been the topic of several recent analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $16.00 target price on shares of Boingo Wireless in a research note on Tuesday, April 18th. Zacks Investment Research downgraded Boingo Wireless from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. BidaskClub raised Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Craig Hallum lifted their target price on Boingo Wireless from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Finally, Benchmark Co. initiated coverage on Boingo Wireless in a research note on Tuesday, April 25th. They set a “buy” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Boingo Wireless currently has an average rating of “Buy” and a consensus price target of $15.26.

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.

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

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