Shares are trading at $19.27 which is well above the 50 day moving average of $16.28 and quite a bit higher than the 200 day moving average of $14.41. The 50 day moving average went up by +18.33% whereas the 200 day moving average was up $4.86 or +33.75%. 326K shares changed hands in the last trading session. Overall, volume was down 15.16% under the stocks normal daily volume.
There has been some selling insider activity on Boingo Wireless, Inc. (NASDAQ:WIFI) recently. Tom Tracey, Sr VP disclosed the sale of 25,000 shares of WIFI stock. The shares were sold on August 9th for a price of $18.45. Tracey now owns $589,957 of the stock per the Form 4 SEC filing. Michael Finley, Director reported the sale of 14,493 shares of (WIFI). The shares were purchased at an average price of $18.08. The Director now owns $1,093,804 of the stock according to the SEC filing.
David Hagan, CEO disclosed the sale of 75,000 shares. The shares sold for $15.27. The CEO now owns $9,113,945 of the stock according to the SEC filing.
These funds have also shifted positions in (WIFI). As of quarter end Susquehanna International Group, Llp had bought a total of 27,657 shares growing its stake by 256.1%. The value in dollars went from $140,000 to $575,000 a change of 310.7% for the reporting period. As of the end of the quarter Sterling Capital Management LLC had disposed of 24,138 shares trimming its position 39.7%. The value of the investment in (WIFI) decreased from $790,000 to $549,000 a change of $241,000 quarter to quarter.
As of the end of the quarter Manufacturers Life Insurance Company, The had disposed of a total of 11,576 shares trimming its holdings by 81.0%. The value of the company’s investment in Boingo Wireless, Inc. went from $186,000 to $41,000 decreasing 78.0% since the last quarter. As of the end of the quarter Tower Research Capital LLC (trc) had sold 1,789 shares trimming its holdings by 100.0%. The value of the total investment in Boingo Wireless, Inc. went from $16,000 to $0 decreasing 100.0% quarter over quarter.
The company is down from yesterday’s close of $19.29. As of the latest earnings report the EPS was $-0.65 and is estimated to be $-0.64 for the current year with 40,109,000 shares currently outstanding. Next quarter’s EPS is expected be $-0.13 with next year’s EPS anticipated to be $-0.45.
Boingo Wireless, Inc., launched on April 16, 2001, 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. It acquires long-term wireless rights at venues, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses; builds wireless networks, such as DAS, Wi-Fi and small cells at those venues, and monetizes the wireless networks through a range of products and services. As of December 31, 2016, the Company operated 36 DAS networks containing approximately 19,200 DAS nodes. Its Wi-Fi network includes locations that the Company manages and operates (its managed and operated locations), as well as networks managed and operated by third-parties with whom it contracts for access (its roaming networks). As of December 31, 2016, the Company had more than 1.5 million commercial Wi-Fi hotspots in more than 100 countries around the world. As of December 31, 2016, the Company also operated Wi-Fi and Internet protocol television (IPTV) networks at the 58 United States Army, Air Force and Marines bases around the world..