A Director at Boingo Wireless Inc is Exercising Options

By Carrie Williams

Today it was reported that a Director at Boingo Wireless Inc (WIFIResearch Report), Chuck Davis, exercised options to buy 36,000 WIFI shares at $8.00 a share, for a total transaction value of $288.2K.

Following this transaction Chuck Davis’ holding in the company was increased by 100.31% to a total of $886K. In addition to Chuck Davis, one other WIFI executive reported Buy trades in the last month.

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Based on Boingo Wireless Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $68.55 million and quarterly net profit of $216K. In comparison, last year the company earned revenue of $65.25 million and had a GAAP net loss of $522K. The company has a one-year high of $33.79 and a one-year low of $9.06. Currently, Boingo Wireless Inc has an average volume of 622.54K.

Starting in October 2018, WIFI received 24 Buy ratings in a row. Six different firms, including Craig-Hallum and Credit Suisse, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $150.2K worth of WIFI shares and purchased $288.2K worth of WIFI shares. The insider sentiment on Boingo Wireless Inc has been neutral according to 45 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Boingo Wireless, Inc. engages in the distribution of wireless connectivity solutions. It offers distributed antenna systems (DAS), Wi-Fi, and small cells. Its hotspot location includes airport; café/retail; convention center; hotel; and other such as schools and universities, office, hospitals, and public places.