Boingo Wireless Inc (WIFI) Files Form 4 Insider Selling : Tom Tracey Sells 3,750 Shares

Boingo Wireless Inc (WIFI): Tom Tracey , Senior VP of Operations of Boingo Wireless Inc sold 3,750 shares on Apr 11, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $7.60 per share for a total value of $28,500.00 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.Boingo Wireless Inc is Reiterated by Craig Hallum to Buy while Lowering the Price Target of the company shares to $ 10 from a previous price target of $14 . The Rating was issued on Feb 26, 2016.

Currently the company Insiders own 7.5% of Boingo Wireless Inc shares according to the proxy statements.Institutional Investors own 90.99% of Boingo Wireless Inc shares.During last six month period, the net percent change held by insiders has seen a change of -3.33%.

Boingo Wireless Inc: On Monday, Apr 11, 2016 heightened volatility was witnessed in Boingo Wireless Inc which led to swings in the share price. The shares opened for trading at $7.6 and hit $7.78 on the upside , eventually ending the session at $7.67, with a gain of 0.39% or 0.03 points. The heightened volatility saw the trading volume jump to 83,079 shares. The 52-week high of the share price is $10.42 and the company has a market cap of $287 M . The 52-week low of the share price is at $5.4.

Boingo Wireless Inc Money Flow Index Chart

Boingo Wireless Inc. is a provider of commercial mobile Wi-Fi Internet solutions and indoor direct-attached storage (DAS) services for carriers. The Company is a service provider of mobile Internet solutions across its managed and operated network and aggregated network for mobile devices such as laptops smartphones tablet computers and other wireless-enabled devices. It enables individuals to purchase Internet access at its managed and operated hotspots and select partner locations across the world. The Company offers its telecom operator partners access to its DAS infrastructure managed and operated hotspot locations. Its hardware and software platform allows it to provide a range of value-added services to network operators enterprise software and services companies and venue operators. The Company offers Boingo software client which is installed on Wi-Fi enabled devices such as smartphones laptops and tablet computers to enable customers to access its network.

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