Airgain (NASDAQ:AIRG) CFO Sells $19,231.80 in Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 4,820 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $3.99, for a total value of $19,231.80. Following the transaction, the chief financial officer directly owned 137,693 shares in the company, valued at $549,395.07. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Airgain Trading Down 1.0%

AIRG stock traded down $0.04 during trading on Wednesday, hitting $4.06. The company had a trading volume of 15,097 shares, compared to its average volume of 29,485. The firm has a market capitalization of $48.55 million, a price-to-earnings ratio of -7.00 and a beta of 0.85. The business has a 50 day moving average of $4.12 and a 200 day moving average of $4.23. Airgain, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $9.15.

Airgain (NASDAQ:AIRG) last released its earnings results on Wednesday, November 12th. The technology company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Airgain had a negative net margin of 11.86% and a negative return on equity of 18.58%. The firm had revenue of $14.02 million for the quarter, compared to analysts’ expectations of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. As a group, equities analysts predict that Airgain, Inc. will post -0.53 EPS for the current year.

Institutional Investors Weigh In On Airgain

Large investors have recently modified their holdings of the stock. Bard Associates Inc. grew its holdings in shares of Airgain by 2.6% in the 1st quarter. Bard Associates Inc. now owns 157,830 shares of the technology company’s stock worth $532,000 after acquiring an additional 4,000 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after purchasing an additional 43,214 shares during the period. Susquehanna International Group LLP purchased a new position in Airgain in the 3rd quarter worth about $91,000. Farther Finance Advisors LLC increased its stake in Airgain by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Marathon Capital Management acquired a new stake in Airgain during the 2nd quarter worth about $42,000. 52.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AIRG. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a report on Wednesday, October 8th. Craig Hallum dropped their price objective on Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Finally, Northland Securities cut their price objective on Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.33.

Airgain Company Profile

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.