John J. Fitzgerald, a director at WidePoint Corp (NASDAQ:WYY), disposed of shares totaling $234,450 on July 6, 2026, according to a recent filing with the Securities and Exchange Commission.
The transaction involved the sale of 15,000 shares of common stock. The shares were sold at a weighted average price of $15.63 per share. These sales occurred in multiple transactions with prices ranging from $15.58 to $15.81 per share. Following this transaction, Mr. Fitzgerald directly holds 90,414 shares of WidePoint common stock.
The timing of the sale coincides with recent market volatility for WidePoint shares. The stock currently trades at $14.15, down from the previous close of $15.92, reflecting a 12.91% decline over the past week. Despite this recent pullback, the stock has delivered a remarkable 367% return over the past year. According to InvestingPro analysis, WYY is trading near its Fair Value, with the platform noting the stock "generally trades with high price volatility." Investors seeking deeper insights can access a comprehensive Pro Research Report on WYY, along with additional ProTips available exclusively on InvestingPro.
In other recent news, WidePoint Corporation reported its Q1 2026 earnings, showcasing a notable improvement with an earnings per share of $0.01, exceeding the anticipated loss of $0.055. Revenue for the quarter was $40.6 million, slightly above the projected $39.82 million, which the company credits to increased carrier services revenue and enhanced operational efficiencies. Additionally, WidePoint was awarded the Department of Homeland Security’s Cellular Wireless Managed Services 3.0 contract, valued at approximately $3.1 billion over a potential 10-year period. The contract includes a one-year base period followed by nine one-year option periods, with the ordering period starting in June 2026.
Furthermore, AmerX initiated coverage on WidePoint with a buy rating and set a price target of $22.55, based on a 1.0x price-to-sales multiple of its fiscal 2028 revenue estimate of $223 million. At the company’s recent annual shareholder meeting, Phil Garfinkle was elected as a Class II director for a three-year term. The meeting also ratified the appointment of the company’s auditor. These developments highlight WidePoint’s strategic advancements and financial performance.