Ali Sadri Sells 4,733 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CTO Ali Sadri sold 4,733 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $4.00, for a total transaction of $18,932.00. Following the completion of the transaction, the chief technology officer owned 127,030 shares of the company’s stock, valued at $508,120. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ali Sadri also recently made the following trade(s):

• On Monday, November 24th, Ali Sadri sold 976 shares of Airgain stock. The shares were sold at an average price of $3.99, for a total value of $3,894.24.

Airgain Price Performance

NASDAQ AIRG traded up $0.06 during trading hours on Thursday, reaching $4.41. 170,904 shares of the stock traded hands, compared to its average volume of 50,950. The stock has a 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $4.21. Airgain, Inc. has a 1 year low of $3.00 and a 1 year high of $8.47. The company has a market cap of $52.74 million, a price-to-earnings ratio of -8.82 and a beta of 0.87.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, October 8th. Northland Securities reduced their target price on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, November 17th. Lake Street Capital assumed coverage on shares of Airgain in a research report on Wednesday. They issued a “buy” rating and a $6.00 target price on the stock. Royal Bank Of Canada set a $6.00 price target on shares of Airgain in a research report on Wednesday. Finally, Craig Hallum reduced 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. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6.20.

Institutional Investors Weigh In On Airgain

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIRG. Marathon Capital Management purchased a new position in shares of Airgain during the 2nd quarter worth approximately $42,000. Susquehanna International Group LLP purchased a new position in shares of Airgain during the third quarter valued at approximately $91,000. Citadel Advisors LLC boosted its holdings in Airgain by 270.1% in the third 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 in the last quarter. Finally, Farther Finance Advisors LLC boosted 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. 52.76% of the stock is currently owned by institutional investors.

Airgain Company Profile

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.