pdvWireless (NASDAQ:PDVW) EVP Richard E. Rohmann Sells 900 Shares

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pdvWireless (NASDAQ:PDVW) EVP Richard E. Rohmann sold 900 shares of pdvWireless stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $37.16, for a total value of $33,444.00. Following the completion of the transaction, the executive vice president now directly owns 9,803 shares of the company’s stock, valued at $364,279.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of pdvWireless stock opened at $30.05 on Friday. pdvWireless has a one year low of $20.40 and a one year high of $39.75.

pdvWireless (NASDAQ:PDVW) last announced its quarterly earnings data on Tuesday, February 6th. The wireless provider reported ($0.59) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.61) by $0.02. pdvWireless had a negative return on equity of 17.38% and a negative net margin of 613.47%. The business had revenue of $1.60 million during the quarter, compared to the consensus estimate of $1.50 million. research analysts anticipate that pdvWireless will post -2.36 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new position in shares of pdvWireless during the third quarter worth about $212,000. Schwab Charles Investment Management Inc. grew its position in shares of pdvWireless by 12.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 40,238 shares of the wireless provider’s stock worth $1,292,000 after buying an additional 4,472 shares in the last quarter. State Street Corp grew its position in shares of pdvWireless by 6.4% during the second quarter. State Street Corp now owns 200,591 shares of the wireless provider’s stock worth $4,674,000 after buying an additional 12,020 shares in the last quarter. Teachers Advisors LLC grew its position in shares of pdvWireless by 2.2% during the second quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock worth $420,000 after buying an additional 391 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of pdvWireless during the third quarter worth about $215,000. 90.60% of the stock is owned by institutional investors and hedge funds.

PDVW has been the subject of several research reports. BidaskClub downgraded pdvWireless from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Zacks Investment Research raised pdvWireless from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Friday, January 5th. TheStreet raised pdvWireless from a “d+” rating to a “c-” rating in a research report on Wednesday, February 7th. B. Riley reaffirmed a “buy” rating and issued a $59.00 target price on shares of pdvWireless in a research report on Friday, December 15th. Finally, ValuEngine raised pdvWireless from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. pdvWireless currently has an average rating of “Hold” and an average price target of $47.50.

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About pdvWireless

pdvWireless, Inc operates as a wireless communications carrier, and provider of network and mobile communication solutions to infrastructure and enterprise customers. The company is deploying push-to-talk networks and two-way radio service to businesses in industry verticals, such as construction, distribution, transportation, field services, waste management, and hospitality.

Insider Buying and Selling by Quarter for pdvWireless (NASDAQ:PDVW)

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