WidePoint (NYSEAMERICAN:WYY) COO Sells 10,000 Shares

WidePoint Corporation (NYSEAMERICAN:WYY) COO Todd Dzyak sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief operating officer owned 115,436 shares in the company, valued at approximately $2,770,464. This trade represents a 7.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

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

WidePoint Stock Up 14.6%

Shares of WidePoint stock traded up $2.58 during midday trading on Thursday, hitting $20.20. The company had a trading volume of 5,887,301 shares, compared to its average volume of 139,200. 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 stock has a market capitalization of $199.78 million, a P/E ratio of -100.99 and a beta of 1.81. The company has a 50 day moving average of $9.56 and a 200 day moving average of $6.98. WidePoint Corporation has a 52-week low of $2.80 and a 52-week high of $24.30.

WidePoint (NYSEAMERICAN:WYY) last announced its quarterly earnings data on Thursday, May 14th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $37.87 million. On average, equities analysts predict that WidePoint Corporation will post -0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of WidePoint

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of WidePoint by 19,130.8% during the first quarter. Royal Bank of Canada now owns 5,000 shares of the technology company’s stock valued at $25,000 after purchasing an additional 4,974 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in WidePoint in the 1st quarter worth about $50,000. XTX Topco Ltd purchased a new position in WidePoint in the 2nd quarter worth about $58,000. NewEdge Advisors LLC purchased a new position in WidePoint in the 2nd quarter worth about $74,000. Finally, Ritholtz Wealth Management purchased a new position in WidePoint in the 4th quarter worth about $79,000. Institutional investors own 22.60% of the company’s stock.

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.