WidePoint (NYSEAMERICAN:WYY) CFO Robert George Sells 16,882 Shares of Stock

WidePoint Corporation (NYSEAMERICAN:WYY) CFO Robert George sold 16,882 shares of WidePoint stock in a transaction on Monday, June 29th. The stock was sold at an average price of $16.16, for a total transaction of $272,813.12. Following the completion of the transaction, the chief financial officer directly owned 19,842 shares in the company, valued at $320,646.72. This represents a 45.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

WidePoint Trading Up 4.2%

Shares of NYSEAMERICAN:WYY opened at $17.50 on Wednesday. The business’s 50-day moving average is $10.57 and its 200 day moving average is $7.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 1.04. WidePoint Corporation has a 1 year low of $2.80 and a 1 year high of $24.30. The firm has a market capitalization of $173.07 million, a P/E ratio of -87.50 and a beta of 1.81.

WidePoint (NYSEAMERICAN:WYY) last issued its quarterly earnings results on Thursday, May 14th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.13. WidePoint had a negative return on equity of 16.24% and a negative net margin of 1.24%.The business had revenue of $40.58 million for the quarter, compared to analyst estimates of $37.87 million. On average, research analysts predict that WidePoint Corporation will post -0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of WidePoint during the 2nd quarter worth about $58,000. NewEdge Advisors LLC acquired a new position in WidePoint in the 2nd quarter worth about $74,000. Jane Street Group LLC acquired a new position in WidePoint in the 2nd quarter worth about $87,000. Bridgeway Capital Management LLC boosted its position in WidePoint by 87.6% during the second quarter. Bridgeway Capital Management LLC now owns 60,527 shares of the technology company’s stock worth $207,000 after purchasing an additional 28,269 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 purchasing an additional 8,850 shares in the last quarter. Institutional investors and hedge funds own 22.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

WidePoint Company Profile

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.