Insider Selling: pdvWireless, Inc. (PDVW) EVP Sells $28,719.00 in Stock

pdvWireless, Inc. (NASDAQ:PDVW) EVP Richard E. Rohmann sold 900 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $31.91, for a total transaction of $28,719.00. Following the completion of the transaction, the executive vice president now owns 12,209 shares of the company’s stock, valued at $389,589.19. The sale was disclosed in a legal filing with the SEC, which is available at this link.

pdvWireless, Inc. (NASDAQ:PDVW) traded up $0.85 during mid-day trading on Thursday, reaching $35.25. 21,700 shares of the company were exchanged, compared to its average volume of 26,584. pdvWireless, Inc. has a twelve month low of $18.70 and a twelve month high of $36.00.

Several equities analysts have recently commented on the stock. B. Riley restated a “buy” rating and issued a $59.00 target price on shares of pdvWireless in a research report on Wednesday, November 8th. Zacks Investment Research cut shares of pdvWireless from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. ValuEngine cut shares of pdvWireless from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Finally, BidaskClub cut shares of pdvWireless from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th.

A number of hedge funds have recently added to or reduced their stakes in PDVW. TIAA CREF Investment Management LLC increased its position in pdvWireless by 0.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 29,780 shares of the wireless provider’s stock worth $651,000 after purchasing an additional 124 shares in the last quarter. Vanguard Group Inc. increased its position in pdvWireless by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 1,426,493 shares of the wireless provider’s stock worth $31,169,000 after purchasing an additional 166,050 shares in the last quarter. Geode Capital Management LLC increased its position in pdvWireless by 5.5% during the 1st quarter. Geode Capital Management LLC now owns 90,078 shares of the wireless provider’s stock worth $1,968,000 after purchasing an additional 4,687 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in pdvWireless by 5.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 33,643 shares of the wireless provider’s stock worth $736,000 after purchasing an additional 1,881 shares in the last quarter. Finally, Phoenix Investment Adviser LLC acquired a new position in pdvWireless during the 2nd quarter worth approximately $287,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

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About pdvWireless

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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