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

WidePoint Corporation (NYSEAMERICAN:WYY) CFO Robert George sold 15,863 shares of WidePoint stock in a transaction on 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 $667,275.08. This represents a 30.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

WidePoint Stock Performance

Shares of WYY stock opened at $16.30 on Thursday. WidePoint Corporation has a one year low of $2.80 and a one year high of $24.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50-day moving average of $10.80 and a 200-day moving average of $7.37. The company has a market cap of $161.21 million, a P/E ratio of -81.50 and a beta of 1.70.

WidePoint (NYSEAMERICAN:WYY) last posted its quarterly earnings data on Thursday, May 14th. The technology company reported $0.01 EPS for the quarter, beating 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 firm had revenue of $40.58 million during the quarter, compared to analyst estimates of $37.87 million. Equities research analysts forecast that WidePoint Corporation will post -0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on WYY. Zacks Research raised WidePoint from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. HC Wainwright reaffirmed a “buy” rating and set a $9.00 target price 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 assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $8.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in shares of WidePoint during the 2nd quarter worth approximately $58,000. NewEdge Advisors LLC purchased a new position in WidePoint in the second quarter valued at approximately $74,000. Jane Street Group LLC bought a new position in WidePoint during the second quarter valued at $87,000. Bridgeway Capital Management LLC increased its position in WidePoint by 87.6% in the second 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. increased its position in WidePoint by 2.4% in 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. 22.60% of the stock is owned by institutional investors.

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.