WidePoint Co. (NYSEAMERICAN:WYY) Director Richard L. Todaro purchased 100,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were acquired at an average cost of $0.34 per share, for a total transaction of $34,000.00. Following the transaction, the director now owns 139,762 shares of the company’s stock, valued at $47,519.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NYSEAMERICAN WYY traded up $0.10 during trading on Wednesday, reaching $0.42. 611,460 shares of the company’s stock were exchanged, compared to its average volume of 184,040. WidePoint Co. has a fifty-two week low of $0.31 and a fifty-two week high of $0.63.

Separately, Zacks Investment Research downgraded WidePoint from a “hold” rating to a “sell” rating in a research report on Saturday.

A hedge fund recently raised its stake in WidePoint stock. Renaissance Technologies LLC boosted its holdings in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 29.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,138,570 shares of the technology company’s stock after buying an additional 257,123 shares during the quarter. Renaissance Technologies LLC owned approximately 1.35% of WidePoint worth $476,000 at the end of the most recent reporting period.

About WidePoint

WidePoint Corporation provides trusted mobility management (TM2) solutions to the government and commercial sectors in North America and Europe. It offers federally certified secure identity management and communications solutions through a proprietary portal. The company provides telecom lifecycle management solutions to corporations, governments, and not-for-profit organizations that provide visibility of telecom assets enabling clients to secure and manage the telecom assets; and telecom bill presentment analytical solutions, including bill presentment, subscriber data intelligence, and hosted voice analytics to communications service providers.

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