WidePoint (NYSEAMERICAN:WYY) CFO Robert George Sells 15,863 Shares of Stock

WidePoint Corporation (NYSEAMERICAN:WYY) CFO Robert George sold 15,863 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $18.17, for a total value of $288,230.71. Following the completion of the sale, the chief financial officer directly owned 36,724 shares of the company’s stock, valued at approximately $667,275.08. This represents a 30.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

WidePoint Price Performance

Shares of WYY stock opened at $17.50 on Wednesday. WidePoint Corporation has a fifty-two week low of $2.80 and a fifty-two week high of $24.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $173.07 million, a price-to-earnings ratio of -87.50 and a beta of 1.81. The stock’s 50-day simple moving average is $10.57 and its 200-day simple moving average is $7.30.

WidePoint (NYSEAMERICAN:WYY) last announced its quarterly earnings data on Thursday, May 14th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.13. The firm had revenue of $40.58 million during the quarter, compared to analyst estimates of $37.87 million. WidePoint had a negative net margin of 1.24% and a negative return on equity of 16.24%. As a group, equities analysts forecast that WidePoint Corporation will post -0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WYY shares. HC Wainwright reiterated a “buy” rating and set a $9.00 price objective on shares of WidePoint in a research note on Monday, March 30th. Zacks Research raised WidePoint from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.67.

Hedge Funds Weigh In On WidePoint

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in WidePoint by 19,130.8% during the 1st quarter. Royal Bank of Canada now owns 5,000 shares of the technology company’s stock valued at $25,000 after acquiring an additional 4,974 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of WidePoint in the first quarter worth $50,000. XTX Topco Ltd purchased a new position in shares of WidePoint during the second quarter worth $58,000. NewEdge Advisors LLC purchased a new position in shares of WidePoint during the second quarter worth $74,000. Finally, Ritholtz Wealth Management acquired a new position in WidePoint during the fourth quarter valued at $79,000. 22.60% of the stock is owned by hedge funds and other institutional investors.

About WidePoint

WidePoint Corporation (NYSE American: WYY) is a provider of secure mobility management and identity management solutions. Headquartered in Reston, Virginia, the company delivers a range of managed services designed to help organizations control and secure their telecommunications and IT environments. Since its inception in the late 1990s, WidePoint has focused on helping businesses and government agencies optimize their mobile device portfolios and ensure regulatory compliance.

WidePoint’s core offerings include mobile device management, telecom expense management, and unified endpoint security.