Boingo Wireless (WIFI) CEO David Hagan Sells 19,833 Shares

Boingo Wireless (NASDAQ:WIFI) CEO David Hagan sold 19,833 shares of Boingo Wireless stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $25.12, for a total transaction of $498,204.96. Following the transaction, the chief executive officer now owns 684,870 shares in the company, valued at approximately $17,203,934.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

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  • On Thursday, April 19th, David Hagan sold 59,500 shares of Boingo Wireless stock. The shares were sold at an average price of $25.15, for a total transaction of $1,496,425.00.
  • On Tuesday, March 13th, David Hagan sold 19,833 shares of Boingo Wireless stock. The shares were sold at an average price of $27.17, for a total transaction of $538,862.61.
  • On Thursday, March 15th, David Hagan sold 59,500 shares of Boingo Wireless stock. The shares were sold at an average price of $27.47, for a total transaction of $1,634,465.00.
  • On Tuesday, February 13th, David Hagan sold 19,833 shares of Boingo Wireless stock. The shares were sold at an average price of $23.00, for a total transaction of $456,159.00.
  • On Thursday, February 15th, David Hagan sold 59,500 shares of Boingo Wireless stock. The shares were sold at an average price of $23.12, for a total transaction of $1,375,640.00.

WIFI stock traded down $0.85 during mid-day trading on Thursday, hitting $24.59. The company had a trading volume of 235,911 shares, compared to its average volume of 392,220. The stock has a market cap of $1,045.42, a P/E ratio of -50.18 and a beta of 0.62. Boingo Wireless has a 12-month low of $13.45 and a 12-month high of $28.34. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.07.

Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings results on Tuesday, February 27th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.09. The business had revenue of $57.35 million for the quarter, compared to analysts’ expectations of $54.48 million. Boingo Wireless had a negative net margin of 9.40% and a negative return on equity of 20.09%. analysts anticipate that Boingo Wireless will post -0.43 EPS for the current fiscal year.

WIFI has been the topic of a number of analyst reports. Credit Suisse Group restated an “outperform” rating and set a $32.00 target price (up previously from $27.00) on shares of Boingo Wireless in a research note on Wednesday, February 28th. Jefferies Group lifted their target price on shares of Boingo Wireless to $32.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Zacks Investment Research cut shares of Boingo Wireless from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. BidaskClub cut shares of Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, Roth Capital initiated coverage on shares of Boingo Wireless in a research note on Wednesday, January 17th. They set a “buy” rating and a $29.00 target price on the stock. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $28.39.

A number of hedge funds have recently made changes to their positions in WIFI. Bank of New York Mellon Corp lifted its stake in Boingo Wireless by 99.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,113,217 shares of the technology company’s stock worth $25,047,000 after purchasing an additional 555,471 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Boingo Wireless by 15.2% in the 4th quarter. Renaissance Technologies LLC now owns 3,001,000 shares of the technology company’s stock worth $67,523,000 after purchasing an additional 395,200 shares in the last quarter. Monarch Partners Asset Management LLC lifted its stake in Boingo Wireless by 1,246.2% in the 4th quarter. Monarch Partners Asset Management LLC now owns 310,708 shares of the technology company’s stock worth $6,991,000 after purchasing an additional 287,628 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Boingo Wireless by 70.3% in the 4th quarter. Allianz Asset Management GmbH now owns 680,641 shares of the technology company’s stock worth $15,314,000 after purchasing an additional 280,930 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in Boingo Wireless by 128.6% in the 4th quarter. Stephens Investment Management Group LLC now owns 497,946 shares of the technology company’s stock worth $11,204,000 after purchasing an additional 280,089 shares in the last quarter. Institutional investors and hedge funds own 91.12% of the company’s stock.

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About Boingo Wireless

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.

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

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