WidePoint (NYSEAMERICAN:WYY) COO Sells $150,000.00 in Stock

WidePoint Corporation (NYSEAMERICAN:WYYGet Free Report) COO Todd Dzyak sold 10,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00. Following the completion of the transaction, the chief operating officer owned 125,436 shares of the company’s stock, valued at approximately $1,881,540. This represents a 7.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Todd Dzyak also recently made the following trade(s):

  • On Thursday, June 25th, Todd Dzyak sold 10,000 shares of WidePoint stock. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00.

WidePoint Price Performance

Shares of WidePoint stock opened at $20.20 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50-day simple moving average is $9.86 and its 200-day simple moving average is $7.07. WidePoint Corporation has a twelve month low of $2.80 and a twelve month high of $24.30. The firm has a market cap of $199.78 million, a P/E ratio of -100.99 and a beta of 1.81.

WidePoint (NYSEAMERICAN:WYYGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.13. The firm had revenue of $40.58 million during the quarter, compared to analyst estimates of $37.87 million. WidePoint had a negative net margin of 1.24% and a negative return on equity of 16.24%. As a group, research analysts expect that WidePoint Corporation will post -0.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WYY. Zacks Research raised WidePoint from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. HC Wainwright reaffirmed a “buy” rating and issued a $9.00 price target on shares of WidePoint in a research note on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $8.67.

Check Out Our Latest Stock Report on WidePoint

Hedge Funds Weigh In On WidePoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in WidePoint by 2.4% during the third quarter. Vanguard Group Inc. now owns 376,513 shares of the technology company’s stock worth $1,862,000 after buying an additional 8,850 shares during the last quarter. Potomac Capital Management Inc. bought a new position in shares of WidePoint in the fourth quarter valued at approximately $1,051,000. Renaissance Technologies LLC boosted its holdings in shares of WidePoint by 3.0% in the 4th quarter. Renaissance Technologies LLC now owns 132,098 shares of the technology company’s stock worth $709,000 after acquiring an additional 3,898 shares in the last quarter. Informed Momentum Co LLC acquired a new position in shares of WidePoint in the 4th quarter worth approximately $527,000. Finally, Geode Capital Management LLC grew its position in WidePoint by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 85,777 shares of the technology company’s stock worth $461,000 after acquiring an additional 3,675 shares during the last quarter. 22.60% of the stock is currently owned by institutional investors and hedge funds.

About WidePoint

(Get Free Report)

WidePoint Corporation (NYSE American: WYY) is a provider of secure mobility management and identity management solutions. Headquartered in Reston, Virginia, the company delivers a range of managed services designed to help organizations control and secure their telecommunications and IT environments. Since its inception in the late 1990s, WidePoint has focused on helping businesses and government agencies optimize their mobile device portfolios and ensure regulatory compliance.

WidePoint’s core offerings include mobile device management, telecom expense management, and unified endpoint security.

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