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

WidePoint Corporation (NYSEAMERICAN:WYY) CFO Robert George sold 16,882 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $16.16, for a total value of $272,813.12. Following the sale, the chief financial officer directly owned 19,842 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink.

WidePoint Trading Down 6.9%

Shares of WYY stock opened at $16.30 on Thursday. The company has a market capitalization of $161.21 million, a P/E ratio of -81.50 and a beta of 1.70. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $10.80 and its two-hundred day moving average is $7.37. WidePoint Corporation has a twelve month low of $2.80 and a twelve month high of $24.30.

WidePoint (NYSEAMERICAN:WYY) last released its quarterly 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 return on equity of 16.24% and a negative net margin of 1.24%.The business had revenue of $40.58 million during the quarter, compared to analysts’ expectations of $37.87 million. Equities analysts forecast that WidePoint Corporation will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised 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 acquiring an additional 8,850 shares in the last quarter. Potomac Capital Management Inc. purchased a new stake in shares of WidePoint during the 4th quarter worth $1,051,000. Renaissance Technologies LLC grew its stake in shares of WidePoint by 3.0% during the 4th quarter. Renaissance Technologies LLC now owns 132,098 shares of the technology company’s stock worth $709,000 after purchasing an additional 3,898 shares during the period. Informed Momentum Co LLC purchased a new position in shares of WidePoint in the 4th quarter valued at about $527,000. Finally, Geode Capital Management LLC increased its holdings in shares of WidePoint by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 85,777 shares of the technology company’s stock valued at $461,000 after purchasing an additional 3,675 shares in the last quarter. Institutional investors and hedge funds own 22.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WYY shares. Zacks Research upgraded shares of WidePoint from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. HC Wainwright reissued a “buy” rating and set a $9.00 price target on shares of WidePoint in a report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate 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.