Boingo Wireless (WIFI) CEO David Hagan Sells 59,500 Shares

Boingo Wireless (NASDAQ:WIFI) CEO David Hagan sold 59,500 shares of the business’s stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $25.15, for a total value of $1,496,425.00. Following the completion of the sale, the chief executive officer now directly owns 684,870 shares of the company’s stock, valued at approximately $17,224,480.50. The sale 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 Tuesday, April 17th, David Hagan sold 19,833 shares of Boingo Wireless stock. The shares were sold at an average price of $25.12, for a total value of $498,204.96.
  • 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 value 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 value 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 value 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 value of $1,375,640.00.

Shares of WIFI stock traded down $0.84 during trading hours on Thursday, reaching $24.60. 238,216 shares of the company’s stock were exchanged, compared to its average volume of 392,220. Boingo Wireless has a fifty-two week low of $13.45 and a fifty-two week high of $28.34. The firm has a market cap of $1,045.42, a PE ratio of -50.47 and a beta of 0.62. 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 issued its quarterly earnings results on Tuesday, February 27th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09. Boingo Wireless had a negative return on equity of 20.09% and a negative net margin of 9.40%. The company had revenue of $57.35 million during the quarter, compared to analyst estimates of $54.48 million. equities analysts predict that Boingo Wireless will post -0.43 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Boingo Wireless by 4.0% during the fourth quarter. BlackRock Inc. now owns 3,755,061 shares of the technology company’s stock worth $84,487,000 after buying an additional 144,367 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Boingo Wireless by 15.2% during the fourth quarter. Renaissance Technologies LLC now owns 3,001,000 shares of the technology company’s stock worth $67,523,000 after buying an additional 395,200 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Boingo Wireless by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,995,174 shares of the technology company’s stock worth $42,638,000 after buying an additional 42,749 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in shares of Boingo Wireless by 8.4% during the fourth quarter. Hood River Capital Management LLC now owns 1,155,233 shares of the technology company’s stock worth $25,993,000 after buying an additional 89,465 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Boingo Wireless by 99.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,113,217 shares of the technology company’s stock worth $25,047,000 after buying an additional 555,471 shares during the last quarter. Institutional investors own 91.12% of the company’s stock.

Several equities research analysts recently weighed in on the company. Northland Securities restated a “buy” rating on shares of Boingo Wireless in a report on Thursday, March 1st. ValuEngine upgraded Boingo Wireless from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Lake Street Capital restated a “buy” rating and issued a $30.00 target price (up from $26.00) on shares of Boingo Wireless in a report on Wednesday, February 28th. BidaskClub upgraded Boingo Wireless from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, William Blair restated an “outperform” rating on shares of Boingo Wireless in a report on Monday, March 12th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $28.39.

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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. 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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