WidePoint Corporation (NYSE:WYY) produced a 22.89% rally since recording the worst price of $0.38. Thanks to the latest -4.69% decrease, it now trades at $0.47. Throughout the trading on 5/31/2019, the share price floated between $0.4712 and $0.51. This company shares are 112.77% off its target price of $1 and the current market capitalization stands at $40.44M. The recent change has given its price a -3.2% deficit over SMA 50 and -25.87% deficit over its 52-week high. The stock witnessed 3.78% gains, 14.7% gains and -3.21% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WYY’s volatility during a week at 7.44% and during a month it has been found around 9.26%.

WidePoint Corporation (WYY) Top Holders

Institutional investors currently hold around $9 million or 23.8% in WYY stock. Look at its top three institutional owners: Nokomis Capital, L.L.C. owns $6.26 million in WidePoint Corporation, which represents roughly 15.48% of the company’s market cap and approximately 69.54% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 2,050,401 shares of the stock are valued at $1.01 million. The third largest holder is First Wilshire Securities Management Inc, which currently holds $519 thousand worth of this stock and that ownership represents nearly 1.28% of its market capitalization.

WidePoint Corporation 13F Filings

At the end of March reporting period, 9 institutional holders increased their position in WidePoint Corporation (NYSE:WYY) by some 456,616 shares, 9 decreased positions by 595,941 and 13 held positions by 18,213,005. That puts total institutional holdings at 19,265,562 shares, according to SEC filings. The stock grabbed 1 new institutional investments totaling 25,466 shares while 6 institutional investors sold out their entire positions totaling 550,976 shares.

WidePoint Corporation (NYSE:WYY) Insider Trades

Multiple company employees have indulged in significant insider trading. WidePoint Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Taubman Morton S has sold 106,383 shares of WidePoint Corporation (WYY) in the trading session dated Nov. 30, 2018. These shares are worth $50,000 and were traded at $0.47 each. The SEC filing shows that Kang Jin performed a purchase of 33,034 shares. The CEO added these shares by way of transaction on Nov. 28, 2018. The company’s shares were assimilated at $0.49 per share worth to an investment of some $16,187 to the account of Kang Jin.

CEO, Kang Jin, purchased 50,000 common shares of WidePoint Corporation (WYY) in the open market. In a transaction dated Aug. 24, 2018, the shares were bought at an average price of $0.48, giving away a sum of $24,000. After this purchase, 3,155,344 common shares of WYY are directly owned by the insider, with total stake valued at $1,483,012.

In the transaction dated Aug. 23, 2018, a great number of shares acquired came courtesy the CFO; MUSSA KITO added a total of 7,000 shares at an average price of $0.47, amounting to approximately $3,290. The insider now directly owns 78,300 shares worth $36,801.

WidePoint Corporation (WYY) Analyst Guide

Several analysts have released their opinion on WidePoint Corporation (NYSE:WYY), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].