Boingo Wireless, Inc. (NASDAQ:WIFI) CEO David Hagan sold 25,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $18.43, for a total value of $460,750.00. Following the sale, the chief executive officer now owns 621,853 shares of the company’s stock, valued at $11,460,750.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, August 11th, David Hagan sold 60,000 shares of Boingo Wireless stock. The stock was sold at an average price of $18.39, for a total value of $1,103,400.00.
  • On Wednesday, August 2nd, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.08, for a total value of $377,000.00.
  • On Thursday, August 3rd, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.16, for a total transaction of $379,000.00.
  • On Friday, August 4th, David Hagan sold 75,000 shares of Boingo Wireless stock. The stock was sold at an average price of $16.22, for a total transaction of $1,216,500.00.
  • On Thursday, July 27th, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.03, for a total transaction of $375,750.00.
  • On Wednesday, July 26th, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.32, for a total transaction of $383,000.00.
  • On Friday, July 28th, David Hagan sold 75,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.06, for a total transaction of $1,129,500.00.
  • On Thursday, July 20th, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.34, for a total transaction of $383,500.00.
  • On Wednesday, July 19th, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.28, for a total transaction of $382,000.00.
  • On Friday, July 21st, David Hagan sold 75,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.27, for a total transaction of $1,145,250.00.

Shares of Boingo Wireless, Inc. (NASDAQ WIFI) traded up 0.16% during trading on Friday, hitting $18.41. 339,015 shares of the stock traded hands. Boingo Wireless, Inc. has a one year low of $8.10 and a one year high of $19.42. The firm has a 50 day moving average price of $15.66 and a 200-day moving average price of $14.10. The company’s market cap is $738.41 million.

Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.03. The company had revenue of $49 million during the quarter, compared to analyst estimates of $46.23 million. Boingo Wireless had a negative return on equity of 25.82% and a negative net margin of 13.85%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.19) earnings per share. Analysts anticipate that Boingo Wireless, Inc. will post ($0.64) earnings per share for the current fiscal year.

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A number of analysts recently weighed in on WIFI shares. Credit Suisse Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Boingo Wireless in a research report on Tuesday, April 18th. Craig Hallum upped their price target on shares of Boingo Wireless from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research cut shares of Boingo Wireless from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. BidaskClub cut shares of Boingo Wireless from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Benchmark Co. started coverage on shares of Boingo Wireless in a research report on Tuesday, April 25th. They issued a “buy” rating and a $18.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.93.

A number of hedge funds have recently bought and sold shares of WIFI. Millrace Asset Group Inc. raised its stake in Boingo Wireless by 6.6% in the first quarter. Millrace Asset Group Inc. now owns 138,200 shares of the technology company’s stock valued at $1,795,000 after buying an additional 8,496 shares in the last quarter. Airain ltd bought a new stake in Boingo Wireless during the first quarter valued at about $333,000. Hood River Capital Management LLC raised its stake in Boingo Wireless by 3.2% in the first quarter. Hood River Capital Management LLC now owns 660,045 shares of the technology company’s stock valued at $8,574,000 after buying an additional 20,679 shares in the last quarter. Virginia Retirement Systems ET AL bought a new stake in Boingo Wireless during the first quarter valued at about $134,000. Finally, UBS Asset Management Americas Inc. bought a new stake in Boingo Wireless during the first quarter valued at about $159,000. Institutional investors own 86.35% of the company’s stock.

Boingo Wireless Company Profile

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor Distributed Antenna System (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.

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

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