Insider Selling: WidePoint (NYSEAMERICAN:WYY) COO Sells $63,750.00 in Stock

WidePoint Corporation (NYSEAMERICAN:WYY) COO Todd Dzyak sold 5,000 shares of WidePoint stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $12.75, for a total transaction of $63,750.00. Following the sale, the chief operating officer owned 110,436 shares of the company’s stock, valued at approximately $1,408,059. This trade represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, June 25th, Todd Dzyak sold 10,000 shares of WidePoint stock. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00.
• On Tuesday, June 23rd, Todd Dzyak sold 10,000 shares of WidePoint stock. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00.

WidePoint Trading Down 5.0%

Shares of WYY opened at $12.29 on Thursday. The stock has a fifty day moving average of $12.35 and a two-hundred day moving average of $7.92. 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 company has a market capitalization of $121.55 million, a PE ratio of -61.45 and a beta of 1.71. WidePoint Corporation has a fifty-two week low of $2.80 and a fifty-two week high of $24.30.

WidePoint (NYSEAMERICAN:WYY) last posted its quarterly earnings data 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 business had revenue of $40.58 million for the quarter, compared to analysts’ expectations of $37.87 million. WidePoint had a negative return on equity of 16.24% and a negative net margin of 1.24%. As a group, analysts forecast that WidePoint Corporation will post 0.04 EPS for the current year.

Hedge Funds Weigh In On WidePoint

Large investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of WidePoint by 19,130.8% during the 1st quarter. Royal Bank of Canada now owns 5,000 shares of the technology company’s stock worth $25,000 after purchasing an additional 4,974 shares during the period. PNC Financial Services Group Inc. purchased a new position in WidePoint in the first quarter valued at approximately $50,000. XTX Topco Ltd purchased a new position in WidePoint in the second quarter valued at approximately $58,000. NewEdge Advisors LLC acquired a new position in WidePoint during the second quarter valued at approximately $74,000. Finally, Ritholtz Wealth Management acquired a new position in WidePoint during the fourth quarter valued at approximately $79,000. 22.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Zacks Research raised shares of WidePoint from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. HC Wainwright reissued a “buy” rating and issued a $9.00 target price on shares of WidePoint in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, WidePoint presently has a consensus rating of “Buy” and an average target price 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.