Boingo Wireless, Inc. (NASDAQ:WIFI) CEO David Hagan sold 60,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $18.39, for a total transaction of $1,103,400.00. Following the transaction, the chief executive officer now directly owns 621,853 shares in the company, valued at approximately $11,435,876.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, August 10th, David Hagan sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $18.43, for a total transaction of $460,750.00.
  • 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 transaction 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) opened at 18.41 on Monday. Boingo Wireless, Inc. has a 52 week low of $8.10 and a 52 week high of $19.42. The stock has a 50 day moving average of $15.73 and a 200 day moving average of $14.14. The firm’s market cap is $738.41 million.

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

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Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of Boingo Wireless by 7.7% in the fourth quarter. State Street Corp now owns 574,615 shares of the technology company’s stock worth $7,006,000 after buying an additional 40,912 shares during the last quarter. Airain ltd bought a new position in shares of Boingo Wireless during the first quarter worth approximately $333,000. Reliance Trust Co. of Delaware boosted its position in shares of Boingo Wireless by 9.6% in the first quarter. Reliance Trust Co. of Delaware now owns 11,339 shares of the technology company’s stock worth $147,000 after buying an additional 990 shares during the last quarter. Spark Investment Management LLC boosted its position in shares of Boingo Wireless by 107.1% in the first quarter. Spark Investment Management LLC now owns 242,500 shares of the technology company’s stock worth $3,150,000 after buying an additional 125,400 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Boingo Wireless by 68.8% in the first quarter. Schroder Investment Management Group now owns 31,049 shares of the technology company’s stock worth $406,000 after buying an additional 12,650 shares during the last quarter. Institutional investors own 86.35% of the company’s stock.

WIFI has been the topic of a number of research reports. Credit Suisse Group boosted their target price on shares of Boingo Wireless from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. BidaskClub raised shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Benchmark Co. initiated coverage on shares of Boingo Wireless in a research report on Tuesday, April 25th. They set a “buy” rating and a $18.00 target price on the stock. Zacks Investment Research raised shares of Boingo Wireless from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, July 5th. Finally, Craig Hallum boosted their target price 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.93.

About Boingo Wireless

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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