Inside Trading: Dawn Callahan Unloaded 9,004 Shares of Boingo Wireless Inc (NASDAQ:WIFI)

November 28, 2016 - By whatsonthorold

Inside Trading: Dawn Callahan Unloaded 9,004 Shares of Boingo Wireless Inc (NASDAQ:WIFI)

Dawn Callahan Insider Sell

Dawn Callahan, the Chief Marketing Officer of Boingo Wireless Inc made sell of 9,004 shares with an average price-per-share of $12.0 in the Pinksheet-listed Boingo Wireless Inc, that are amounting to $108,048 USD. This is not her first insider trade, in the last month, she unloaded another 12,500 shares worth $123,300 USD. The stock trade by Mr. Dawn – was dated on November 28, 2016 and made public in a SEC’s document available here. Now, she owns a total of 4,843 shares or 0.01% of the company’s market cap.

Boingo Wireless Inc (NASDAQ:WIFI) Ratings Coverage

Out of 6 analysts covering Boingo Wireless (NASDAQ:WIFI), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. $15 is the highest target while $6.85 is the lowest. The $11.37 average target is -7.11% below today’s ($12.24) stock price. Boingo Wireless has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating by BTIG Research given on Monday, July 11. The firm has “Buy” rating by Lake Street given on Monday, June 20. DA Davidson maintained the stock with “Buy” rating in Monday, August 10 report. The stock of Boingo Wireless Inc (NASDAQ:WIFI) earned “Hold” rating by Zacks on Tuesday, September 22. The firm has “Buy” rating by Craig Hallum given on Tuesday, July 21. As per Friday, November 4, the company rating was maintained by Craig Hallum.

Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.14, from 1 in 2016Q1. The ratio is positive, as 15 funds sold all Boingo Wireless Inc shares owned while 31 reduced positions. 9 funds bought stakes while 37 increased positions. They now own 29.97 million shares or 12.07% less from 34.08 million shares in 2016Q1.

Spot Trading Ltd Liability Corporation has invested 0% of its portfolio in Boingo Wireless Inc (NASDAQ:WIFI). Wall Street, a California-based fund reported 311,500 shares. Tudor Inv Et Al accumulated 0.01% or 28,647 shares. Retail Bank Of America De reported 59,417 shares or 0% of all its holdings. Moreover, Cornerstone Capital Mgmt Lc has 0.01% invested in Boingo Wireless Inc (NASDAQ:WIFI) for 184,435 shares. S Squared Tech Limited Com reported 486,603 shares or 4.55% of all its holdings. Magee Thomson Investment Prtn Ltd Liability owns 129 shares or 0% of their US portfolio. Skylands Capital Limited Co holds 1.01% of its portfolio in Boingo Wireless Inc (NASDAQ:WIFI) for 690,850 shares. 1492 Cap Mgmt Ltd Co holds 2.59% or 323,431 shares in its portfolio. Parametric Port Limited Liability Company reported 36,539 shares or 0% of all its holdings. Goldman Sachs Grp owns 39,077 shares or 0% of their US portfolio. Cardinal Cap Mngmt Limited Liability Company Ct last reported 1.06 million shares in the company. State Street accumulated 0% or 525,381 shares. Gilder Gagnon Howe And Communication Limited Com holds 2.52 million shares or 0.45% of its portfolio. Next Century Growth Investors Limited Liability Company last reported 1.11 million shares in the company.

Insider Transactions: Since September 1, 2016, the stock had 0 insider buys, and 3 sales for $280,325 net activity. $125,375 worth of Boingo Wireless Inc (NASDAQ:WIFI) shares were sold by Callahan Dawn. 3,750 shares with value of $31,650 were sold by Tracey Tom on Thursday, September 1.

The stock decreased 0.08% or $0.01 during the last trading session, hitting $12.24. About 254,520 shares traded hands or 11.54% up from the average. Boingo Wireless Inc (NASDAQ:WIFI) has risen 57.46% since April 25, 2016 and is uptrending. It has outperformed by 51.44% the S&P500.

Boingo Wireless, Inc. is a provider of commercial mobile wireless fidelity Internet solutions and indoor direct-attached storage (DAS) services for carriers. The company has a market cap of $471.23 million. The Firm operates as a service well-known 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 segment. It currently has negative earnings. The Firm has established wireless networks that provide high-speed, high-bandwidth wireless connectivity to smartphones, tablets, laptops, wearables, the Internet of Things (IoT) and other wireless-enabled devices.

According to Zacks Investment Research, “Boingo Wireless, Inc. is a Wi-Fi software and services provider. Boingo users can access the mobile Internet via Boingo Network locations that include the airports, hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. Boingo Wireless, Inc. is headquartered in Los Angeles, California.”

Analysts await Boingo Wireless Inc (NASDAQ:WIFI) to report earnings on February, 23. They expect $-0.12 EPS, down 20.00% or $0.02 from last year’s $-0.1 per share. After $-0.15 actual EPS reported by Boingo Wireless Inc for the previous quarter, Wall Street now forecasts -20.00% EPS growth.

WIFI Company Profile

Boingo Wireless, Inc., incorporated on April 16, 2001, is a well-known provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services for carriers. The Firm operates as a service well-known 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 segment. The Firm has established wireless networks that provide high-speed, high-bandwidth wireless connectivity to smartphones, tablets, laptops, wearables, the Internet of Things (IoT) and other wireless-enabled devices. The Company’s wireless networks include DAS, femto-cell, and Wi-Fi networks that it manages and operates, which it refers to as managed and operated locations, as well as Wi-Fi networks managed and operated by third-parties with whom it contract for access (roaming networks). The Company’s managed and operated locations are typically located in large venues with big audiences, such as airports, stadiums, arenas, military bases, universities, big box retailers, convention centers and office buildings. It installs wireless network infrastructure in these locations, which generally have exclusive multi-year agreements, and then monetize these networks in a number of ways. It also sells advertising on other Wi-Fi networks that are not part of its network on behalf of the network owner. The Company’s services include DAS or Femto-Cell, Wholesale-Wi-Fi, Retail, Military and Advertising.

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