WidePoint (NYSEAMERICAN:WYY) COO Todd Dzyak Sells 10,000 Shares

WidePoint Corporation (NYSEAMERICAN:WYY) COO Todd Dzyak sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the chief operating officer directly owned 115,436 shares of the company’s stock, valued at $2,770,464. The trade was a 7.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Todd Dzyak also recently made the following trade(s):

• On Tuesday, June 23rd, Todd Dzyak sold 10,000 shares of WidePoint stock. The shares were sold at an average price of $15.00, for a total value of $150,000.00.

WidePoint Stock Up 14.6%

WYY opened at $20.20 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The firm has a market cap of $199.78 million, a P/E ratio of -100.99 and a beta of 1.81. WidePoint Corporation has a 52 week low of $2.80 and a 52 week high of $24.30. The business’s fifty day simple moving average is $9.86 and its 200 day simple moving average is $7.07.

WidePoint (NYSEAMERICAN:WYY) last released its earnings results on Thursday, May 14th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.13. The company had revenue of $40.58 million for 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 research analysts anticipate that WidePoint Corporation will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On WidePoint

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in WidePoint by 19,130.8% during the first quarter. Royal Bank of Canada now owns 5,000 shares of the technology company’s stock worth $25,000 after purchasing an additional 4,974 shares during the period. PNC Financial Services Group Inc. purchased a new stake in shares of WidePoint during the 1st quarter valued at $50,000. XTX Topco Ltd acquired a new stake in shares of WidePoint during the 2nd quarter worth $58,000. NewEdge Advisors LLC purchased a new position in shares of WidePoint in the 2nd quarter worth $74,000. Finally, Ritholtz Wealth Management purchased a new position in shares of WidePoint in the 4th quarter worth $79,000. 22.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on WYY. Zacks Research raised shares of WidePoint from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. HC Wainwright restated a “buy” rating and set a $9.00 price objective on shares of WidePoint in a report on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $8.67.

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.