Boingo Wireless Inc (WIFI) CFO Sells $1,380,000.00 in Stock
Boingo Wireless Inc (NASDAQ:WIFI) CFO Peter Hovenier sold 50,000 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $27.60, for a total transaction of $1,380,000.00. Following the transaction, the chief financial officer now owns 31,730 shares in the company, valued at approximately $875,748. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Peter Hovenier also recently made the following trade(s):
- On Thursday, December 14th, Peter Hovenier sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $23.12, for a total transaction of $578,000.00.
Shares of Boingo Wireless Inc (WIFI) opened at $27.64 on Friday. The company has a market cap of $1,153.60, a price-to-earnings ratio of -56.41 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.50 and a current ratio of 0.50. Boingo Wireless Inc has a one year low of $10.92 and a one year high of $28.34.
A number of research firms recently issued reports on WIFI. Zacks Investment Research downgraded shares of Boingo Wireless from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Northland Securities restated a “buy” rating on shares of Boingo Wireless in a research note on Thursday, March 1st. Lake Street Capital restated a “buy” rating and set a $30.00 price target (up previously from $26.00) on shares of Boingo Wireless in a research note on Wednesday, February 28th. Finally, Jefferies Group boosted their price target on shares of Boingo Wireless to $32.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $28.39.
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About Boingo Wireless
Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (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.
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