Insider Selling: pdvWireless, Inc. (PDVW) EVP Sells 900 Shares of Stock

pdvWireless, Inc. (NASDAQ:PDVW) EVP Richard E. Rohmann sold 900 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $30.60, for a total value of $27,540.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

pdvWireless, Inc. (NASDAQ PDVW) traded down 0.77% on Monday, reaching $32.10. The company’s stock had a trading volume of 19,205 shares. pdvWireless, Inc. has a 12-month low of $18.70 and a 12-month high of $33.75. The company’s market capitalization is $462.79 million. The firm has a 50-day moving average of $31.11 and a 200 day moving average of $31.11.

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A number of institutional investors and hedge funds have recently modified their holdings of PDVW. American International Group Inc. grew its holdings in pdvWireless by 7.1% in the first quarter. American International Group Inc. now owns 6,014 shares of the wireless provider’s stock valued at $131,000 after purchasing an additional 398 shares during the period. The Manufacturers Life Insurance Company grew its holdings in pdvWireless by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock valued at $190,000 after purchasing an additional 448 shares during the period. Phoenix Investment Adviser LLC acquired a new stake in pdvWireless in the second quarter valued at approximately $287,000. Swiss National Bank grew its holdings in pdvWireless by 19.4% in the first quarter. Swiss National Bank now owns 14,150 shares of the wireless provider’s stock valued at $309,000 after purchasing an additional 2,300 shares during the period. Finally, Teachers Advisors LLC grew its holdings in pdvWireless by 2.2% in the second quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock valued at $420,000 after purchasing an additional 391 shares during the period. 93.01% of the stock is currently owned by institutional investors.

PDVW has been the subject of a number of recent research reports. ValuEngine downgraded pdvWireless from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. B. Riley reiterated a “buy” rating and set a $59.00 price objective on shares of pdvWireless in a research note on Thursday, October 5th. Finally, BidaskClub downgraded pdvWireless from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th.

pdvWireless Company Profile

pdvWireless, Inc, formerly Pacific DataVision, Inc, is a wireless communications carrier and a provider of mobile workforce communication and location-based solutions. The Company’s solutions focus on enhancing the productivity of its customers’ field-based workers, and the efficiency of their dispatch and call center operations.

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