WidePoint (NYSEAMERICAN:WYY) CFO Sells 15,863 Shares of Stock

WidePoint Corporation (NYSEAMERICAN:WYY) CFO Robert George sold 15,863 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $18.17, for a total transaction of $288,230.71. Following the transaction, the chief financial officer directly owned 36,724 shares in the company, valued at approximately $667,275.08. This represents a 30.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

WidePoint Stock Performance

NYSEAMERICAN WYY traded up $0.67 during trading on Tuesday, reaching $17.46. The company’s stock had a trading volume of 267,484 shares, compared to its average volume of 154,700. The firm has a 50 day moving average price of $10.33 and a 200 day moving average price of $7.22. WidePoint Corporation has a 12 month low of $2.80 and a 12 month high of $24.30. The firm has a market capitalization of $172.68 million, a price-to-earnings ratio of -87.30 and a beta of 1.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.32.

WidePoint (NYSEAMERICAN:WYY) last announced its earnings results on Thursday, May 14th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.13. WidePoint had a negative net margin of 1.24% and a negative return on equity of 16.24%. The company had revenue of $40.58 million for the quarter, compared to analysts’ expectations of $37.87 million. As a group, equities analysts anticipate that WidePoint Corporation will post -0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms 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 set a $9.00 price objective on shares of WidePoint in a research report 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 MarketBeat.com, WidePoint currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.67.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in WidePoint during the second quarter worth $58,000. NewEdge Advisors LLC acquired a new position in shares of WidePoint during the 2nd quarter worth $74,000. Jane Street Group LLC acquired a new position in shares of WidePoint during the 2nd quarter worth $87,000. Bridgeway Capital Management LLC lifted its position in shares of WidePoint by 87.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 60,527 shares of the technology company’s stock worth $207,000 after buying an additional 28,269 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of WidePoint by 2.4% during the 3rd 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. 22.60% of the stock is currently owned by institutional investors and hedge funds.

About WidePoint

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.