Airgain (NASDAQ:AIRG) CEO Jacob Suen Sells 15,993 Shares

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 15,993 shares of Airgain stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $4.00, for a total transaction of $63,972.00. Following the completion of the sale, the chief executive officer owned 293,635 shares in the company, valued at approximately $1,174,540. This trade represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jacob Suen also recently made the following trade(s):

• On Monday, November 24th, Jacob Suen sold 2,070 shares of Airgain stock. The shares were sold at an average price of $3.99, for a total transaction of $8,259.30.

Airgain Price Performance

AIRG stock traded up $0.06 during trading on Thursday, hitting $4.41. The stock had a trading volume of 170,904 shares, compared to its average volume of 50,950. Airgain, Inc. has a twelve month low of $3.00 and a twelve month high of $8.47. The company’s 50-day moving average price is $4.03 and its two-hundred day moving average price is $4.21. The stock has a market capitalization of $52.74 million, a P/E ratio of -8.82 and a beta of 0.87.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Airgain had a negative return on equity of 16.03% and a negative net margin of 10.87%.The firm had revenue of $14.02 million for the quarter, compared to analyst estimates of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. As a group, sell-side analysts expect that Airgain, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marathon Capital Management purchased a new stake in shares of Airgain during the second quarter worth approximately $42,000. Farther Finance Advisors LLC raised its position in Airgain by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after buying an additional 7,500 shares during the last quarter. Citadel Advisors LLC lifted its stake 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 worth $118,000 after acquiring an additional 43,214 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in shares of Airgain in the third quarter valued at about $91,000. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AIRG has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, October 8th. Lake Street Capital began coverage on Airgain in a report on Wednesday. They issued a “buy” rating and a $6.00 target price for the company. Craig Hallum cut their target price on shares of Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Royal Bank Of Canada set a $6.00 price target on shares of Airgain in a research report on Wednesday. Finally, Northland Securities cut their price objective on Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Airgain presently has an average rating of “Moderate Buy” and a consensus target price of $6.20.

About Airgain

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.