Insider Buying: Airgain, Inc. (AIRG) Director Acquires $92,381.24 in Stock
Airgain, Inc. (NASDAQ:AIRG) Director Francis X. Egan bought 10,276 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were acquired at an average cost of $8.99 per share, with a total value of $92,381.24. Following the completion of the transaction, the director now owns 50,000 shares of the company’s stock, valued at $449,500. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Airgain, Inc. (NASDAQ AIRG) traded down 0.74% during midday trading on Friday, reaching $9.33. 240,052 shares of the company’s stock were exchanged. Airgain, Inc. has a 12-month low of $8.72 and a 12-month high of $29.30. The firm has a 50-day moving average of $9.16 and a 200-day moving average of $10.82. The stock has a market capitalization of $89.05 million and a P/E ratio of 36.59.
TRADEMARK VIOLATION NOTICE: This piece of content was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/16/insider-buying-airgain-inc-airg-director-acquires-92381-24-in-stock.html.
Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Airgain by 723.4% in the first quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock worth $187,000 after acquiring an additional 10,851 shares during the period. Citadel Advisors LLC bought a new stake in shares of Airgain in the first quarter worth approximately $229,000. Menta Capital LLC bought a new stake in shares of Airgain in the second quarter worth approximately $251,000. Blair William & Co. IL bought a new stake in shares of Airgain in the first quarter worth approximately $264,000. Finally, UBS Group AG grew its stake in shares of Airgain by 125.3% in the first quarter. UBS Group AG now owns 25,022 shares of the technology company’s stock worth $379,000 after acquiring an additional 13,918 shares during the period. Hedge funds and other institutional investors own 35.63% of the company’s stock.
AIRG has been the subject of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Airgain in a research report on Wednesday, August 9th. Cowen and Company reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Airgain in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Airgain from a “hold” rating to a “sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $17.34.
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
Receive News & Stock Ratings for Airgain Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain Inc. and related stocks with our FREE daily email newsletter.