Boingo Wireless, Inc. (WIFI) CEO David Hagan Sells 82,716 Shares of Stock

Boingo Wireless, Inc. (NASDAQ:WIFI) CEO David Hagan sold 82,716 shares of Boingo Wireless stock in a transaction on Friday, June 16th. The shares were sold at an average price of $15.68, for a total transaction of $1,296,986.88. Following the completion of the sale, the chief executive officer now owns 621,853 shares in the company, valued at $9,750,655.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • 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 transaction of $1,203,000.00.

Boingo Wireless, Inc. (NASDAQ WIFI) traded down 1.54% on Monday, hitting $15.95. 313,518 shares of the stock traded hands. Boingo Wireless, Inc. has a 52 week low of $8.10 and a 52 week high of $17.10. The firm’s market capitalization is $621.79 million. The stock has a 50 day moving average of $15.73 and a 200 day moving average of $13.19.

Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.03. The company had revenue of $44.30 million during the quarter, compared to analysts’ expectations of $41.25 million. Boingo Wireless had a negative net margin of 14.32% and a negative return on equity of 24.60%. Boingo Wireless’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.27) earnings per share. Equities research analysts anticipate that Boingo Wireless, Inc. will post ($0.65) earnings per share for the current year.

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

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A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in shares of Boingo Wireless by 3.4% in the first quarter. Wells Fargo & Company MN now owns 38,119 shares of the technology company’s stock valued at $495,000 after buying an additional 1,253 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Boingo Wireless by 23.1% in the first quarter. Russell Investments Group Ltd. now owns 755,061 shares of the technology company’s stock valued at $9,808,000 after buying an additional 141,865 shares during the last quarter. Reliance Trust Co. of Delaware raised its stake in shares of Boingo Wireless by 9.6% in the first quarter. Reliance Trust Co. of Delaware now owns 11,339 shares of the technology company’s stock valued at $147,000 after buying an additional 990 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Boingo Wireless by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 94,267 shares of the technology company’s stock valued at $1,149,000 after buying an additional 673 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Boingo Wireless by 14.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 25,544 shares of the technology company’s stock valued at $311,000 after buying an additional 3,295 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.

Several equities research analysts have issued reports on WIFI shares. Lake Street Capital reiterated a “buy” rating and issued a $14.00 price target (up from $12.00) on shares of Boingo Wireless in a research note on Wednesday, March 8th. Credit Suisse Group lifted their price target on shares of Boingo Wireless from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Benchmark Co. started coverage on shares of Boingo Wireless in a research note on Tuesday, April 25th. They issued a “buy” rating and a $18.00 price target on the stock. Craig Hallum lifted their price target on shares of Boingo Wireless from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Finally, Ladenburg Thalmann Financial Services boosted their price objective 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $14.59.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WIFI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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