Insider Trading Alert: WidePoint Corporation $WYY

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WidePoint Corporation (ARCA:WYY) insider have most recently took part in a trading activity. On Nov 30, 2017 Richter Philip E., Director bought 71,300 shares having total worth of $48,484 at the price of $0.68 per share, following the transaction a total of 71,300 shares owned by Richter Philip E..

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 5 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 4 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 0 61.9%
12 Month 4 1 4.62%

Shares of WidePoint Corporation (ARCA:WYY) traded down 1.02% on Nov 30, 2017, hitting $0.68. 176,005 shares of the company’s stock traded hands. WidePoint Corporation has a 52 week low of $0.39 and a 52 week high of $0.88. The company’s market cap is $33 million.

WidePoint Corporation (ARCA:WYY) last announced its earnings results on Nov 14, 2017. The company reported 0.00 earnings per share (EPS) for the quarter, higher than the consensus estimate of -0.01 by $0.01. The company had revenue of $18 million for the quarter, compared to the consensus estimate of $19 million. The company’s revenue for the quarter was down 17% on a year-over-year basis.

2017-11-14 2017-08-14 2017-05-15 2017-03-30 2016-11-09 2016-08-08 2016-05-10 2016-03-15 2015-11-09 2015-08-10
earnings per share 0.00 -0.01 -0.01 -0.01 0.00 -0.01 -0.01 -0.01 -0.02 -0.02
Revenue(M) 18.46 18.88 18.61 18.26 22.12 17.54 20.51 18.72 17 17.43

WidePoint Corporation was incorporated in Delaware on May 30, 1997. It is a provider of advanced, federally certified and other customized technology-based products and service solutions to both the government sector and commercial markets. The Company’s advanced technology-based solutions enable organizations to deploy fully compliant IT services in accordance with government requirements and the demands of the commercial marketplace. The Company has grown through the merger with and acquisition of highly specialized regional IT consulting companies. The Company provides advanced technology-based products and solutions through three business segments, which include: Managed Mobility Solutions, Cybersecurity Solutions, and Consulting and Support Services. These segments offer unique solutions and proprietary IP wireline and wireless full life cycle management solutions; cybersecurity solutions with an expertise in identity management services utilizing certificate-based security solutions; and other associated IT Consulting and Support Services in which the Company provides specific subject matter expertise in IT Architecture and Planning, Software Implementation Services, IT Outsourcing, and Forensic Informatics. It has operational experience in all facets of identity proofing, credential issuing and public key technology. Managed Mobility Solutions offer a complementary set of streamlined mobile communications solutions using its proprietary cloud-based portal to enable our clients to actively manage their telecommunications assets and expenses in an efficient and cost-effective manner in a safe and secure environment. Cybersecurity Solutions – Identity assurance is increasingly important with mobile computing and communications devices used by a growing mobile workforce and the proliferation of e-commerce and other sensitive transactions conducted using personal communications devices. Enterprises conducting business through e-commerce, online banking and trading, Internet-based enterprise solutions for process automation, or digital signature enablement will require a secure identity assurance solution in today’s cloud-based environment to protect the business against the growing risk of cyber fraud and other schemes designed to deprive an enterprise and its customer of their valuable assets. Consulting and Support Services offers a full range of IT consulting services and products to support its clients’ IT needs. The Company’s key competitors include Profitline (which was acquired by Tangoe, Inc.) and Rivermine (which was acquired by IBM), Lockheed Martin Corporation, Northrop Grumman Corporation, EDS/Hewlett Packard, Unisys, Computer Services Corporation, Science Applications International Corporation, and Manpower.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.