Boingo Wireless Inc (WIFI) CMO Dawn Callahan Sells 25,000 Shares of Stock

Boingo Wireless Inc (NASDAQ:WIFI) CMO Dawn Callahan sold 25,000 shares of the stock in a transaction on Monday, June 11th. The stock was sold at an average price of $23.42, for a total value of $585,500.00. Following the completion of the sale, the chief marketing officer now owns 50,654 shares in the company, valued at approximately $1,186,316.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dawn Callahan also recently made the following trade(s):

  • On Wednesday, June 13th, Dawn Callahan sold 50,000 shares of Boingo Wireless stock. The stock was sold at an average price of $23.50, for a total value of $1,175,000.00.

Shares of Boingo Wireless stock traded up $0.01 during trading on Thursday, hitting $24.06. 20,567 shares of the stock traded hands, compared to its average volume of 423,529. The firm has a market cap of $985.60 million, a P/E ratio of -49.15 and a beta of 0.55. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.07. Boingo Wireless Inc has a 52-week low of $14.33 and a 52-week high of $28.34.

Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings results on Thursday, May 3rd. The technology company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.09. The firm had revenue of $58.20 million for the quarter, compared to analyst estimates of $52.07 million. Boingo Wireless had a negative return on equity of 15.98% and a negative net margin of 7.13%. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.18) earnings per share. analysts forecast that Boingo Wireless Inc will post -0.43 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Boingo Wireless by 17.3% during the first quarter. Barclays PLC now owns 18,926 shares of the technology company’s stock valued at $469,000 after buying an additional 2,795 shares during the period. A.R.T. Advisors LLC increased its stake in shares of Boingo Wireless by 11.6% during the first quarter. A.R.T. Advisors LLC now owns 26,934 shares of the technology company’s stock valued at $667,000 after buying an additional 2,800 shares during the period. Aperio Group LLC increased its stake in shares of Boingo Wireless by 24.3% during the fourth quarter. Aperio Group LLC now owns 16,536 shares of the technology company’s stock valued at $372,000 after buying an additional 3,230 shares during the period. Alliancebernstein L.P. increased its stake in shares of Boingo Wireless by 7.4% during the fourth quarter. Alliancebernstein L.P. now owns 52,300 shares of the technology company’s stock valued at $1,177,000 after buying an additional 3,600 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in shares of Boingo Wireless by 10.4% during the first quarter. Summit Trail Advisors LLC now owns 41,483 shares of the technology company’s stock valued at $645,000 after buying an additional 3,919 shares during the period. Hedge funds and other institutional investors own 91.46% of the company’s stock.

WIFI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Boingo Wireless from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. Credit Suisse Group reiterated an “outperform” rating and issued a $32.00 target price (up previously from $27.00) on shares of Boingo Wireless in a research note on Wednesday, February 28th. Jefferies Financial Group increased their target price on Boingo Wireless to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. BidaskClub lowered Boingo Wireless from a “buy” rating to a “hold” rating in a research note on Friday, March 30th. Finally, Craig Hallum increased their target price on Boingo Wireless from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $29.63.

About Boingo Wireless

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.

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

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