Peter Hovenier Sells 5,000 Shares of Boingo Wireless Inc (WIFI) Stock

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Boingo Wireless Inc (NASDAQ:WIFI) CFO Peter Hovenier sold 5,000 shares of Boingo Wireless stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $22.72, for a total value of $113,600.00. Following the completion of the sale, the chief financial officer now owns 385,723 shares of the company’s stock, valued at $8,763,626.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Peter Hovenier also recently made the following trade(s):

  • On Friday, April 5th, Peter Hovenier sold 10,000 shares of Boingo Wireless stock. The stock was sold at an average price of $25.00, for a total value of $250,000.00.
  • On Monday, April 1st, Peter Hovenier sold 5,000 shares of Boingo Wireless stock. The stock was sold at an average price of $23.21, for a total value of $116,050.00.
  • On Friday, March 1st, Peter Hovenier sold 5,000 shares of Boingo Wireless stock. The stock was sold at an average price of $21.19, for a total value of $105,950.00.
  • On Tuesday, February 19th, Peter Hovenier sold 5,000 shares of Boingo Wireless stock. The stock was sold at an average price of $25.05, for a total value of $125,250.00.
  • On Thursday, February 21st, Peter Hovenier sold 45,000 shares of Boingo Wireless stock. The stock was sold at an average price of $25.21, for a total value of $1,134,450.00.
  • On Tuesday, February 12th, Peter Hovenier sold 5,000 shares of Boingo Wireless stock. The stock was sold at an average price of $24.33, for a total value of $121,650.00.
  • On Thursday, February 14th, Peter Hovenier sold 15,000 shares of Boingo Wireless stock. The stock was sold at an average price of $24.43, for a total value of $366,450.00.
  • On Thursday, February 7th, Peter Hovenier sold 5,000 shares of Boingo Wireless stock. The stock was sold at an average price of $23.95, for a total value of $119,750.00.
  • On Tuesday, February 5th, Peter Hovenier sold 5,000 shares of Boingo Wireless stock. The stock was sold at an average price of $23.95, for a total value of $119,750.00.

NASDAQ:WIFI traded up $0.94 on Friday, hitting $23.28. The stock had a trading volume of 402,900 shares, compared to its average volume of 547,452. The stock has a market capitalization of $982.63 million, a price-to-earnings ratio of -772.67 and a beta of 1.05. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.17 and a current ratio of 1.17. Boingo Wireless Inc has a 52-week low of $18.50 and a 52-week high of $35.98.

Boingo Wireless (NASDAQ:WIFI) last announced its earnings results on Wednesday, February 27th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.10. The business had revenue of $67.81 million for the quarter, compared to analysts’ expectations of $67.18 million. Boingo Wireless had a negative return on equity of 1.08% and a negative net margin of 0.49%. As a group, equities analysts forecast that Boingo Wireless Inc will post -0.31 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Macquarie Group Ltd. boosted its position in Boingo Wireless by 75.6% in the fourth quarter. Macquarie Group Ltd. now owns 2,067 shares of the technology company’s stock worth $42,000 after purchasing an additional 890 shares during the last quarter. Lindbrook Capital LLC purchased a new position in shares of Boingo Wireless during the 1st quarter valued at about $96,000. Legal & General Group Plc lifted its position in shares of Boingo Wireless by 13.7% during the 4th quarter. Legal & General Group Plc now owns 7,297 shares of the technology company’s stock valued at $150,000 after buying an additional 882 shares in the last quarter. NumerixS Investment Technologies Inc lifted its position in shares of Boingo Wireless by 53.6% during the 4th quarter. NumerixS Investment Technologies Inc now owns 8,600 shares of the technology company’s stock valued at $172,000 after buying an additional 3,000 shares in the last quarter. Finally, First Hawaiian Bank purchased a new position in shares of Boingo Wireless during the 4th quarter valued at about $173,000. 94.00% of the stock is currently owned by institutional investors and hedge funds.

WIFI has been the subject of several research analyst reports. Northland Securities initiated coverage on Boingo Wireless in a report on Monday, April 22nd. They issued a “buy” rating and a $30.00 price objective for the company. BidaskClub upgraded Boingo Wireless from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. William Blair reiterated a “buy” rating on shares of Boingo Wireless in a report on Thursday, March 28th. Roth Capital reissued a “buy” rating on shares of Boingo Wireless in a research report on Friday, March 1st. Finally, Craig Hallum reissued a “buy” rating and issued a $28.00 target price (down from $36.00) on shares of Boingo Wireless in a research report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.33.

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Boingo Wireless Company Profile

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices worldwide. The company offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services.

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