pdvWireless (NASDAQ:ATEX) Major Shareholder Acquires $19,247,591.12 in Stock

pdvWireless (NASDAQ:ATEX) major shareholder Owl Creek Asset Management, L. bought 428,486 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average price of $44.92 per share, with a total value of $19,247,591.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ ATEX opened at $43.36 on Monday. The company has a market cap of $643.29 million, a P/E ratio of -15.06 and a beta of 0.23. pdvWireless has a 12-month low of $24.55 and a 12-month high of $51.33.

pdvWireless (NASDAQ:ATEX) last announced its earnings results on Monday, May 20th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by ($0.02). The business had revenue of $1.30 million for the quarter, compared to the consensus estimate of $1.15 million. pdvWireless had a negative net margin of 646.34% and a negative return on equity of 17.68%. On average, equities analysts predict that pdvWireless will post -2.43 EPS for the current fiscal year.

pdvWireless Company Profile

pdvWireless, Inc, a wireless communication company, provides network and mobile communication solutions to infrastructure and enterprise customers primarily in the United States. It offers pdvConnect service, the company's proprietary cloud-based mobile resource management solution; TeamConnect service, which combines pdvConnect with push-to-talk mobile communication services involving digital network architecture and mobile devices; and Diga-talk, a mobile communication that provides nationwide two-way digital communication services.

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