Airgain (NASDAQ:AIRG) CEO Jacob Suen Sells 6,112 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 6,112 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $5.01, for a total transaction of $30,621.12. Following the sale, the chief executive officer directly owned 287,523 shares in the company, valued at $1,440,490.23. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, February 10th, Jacob Suen sold 888 shares of Airgain stock. The shares were sold at an average price of $5.07, for a total value of $4,502.16.
• On Tuesday, January 20th, Jacob Suen sold 15,993 shares of Airgain stock. The shares were sold at an average price of $4.00, for a total transaction of $63,972.00.
• 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

NASDAQ:AIRG opened at $5.40 on Thursday. The company’s fifty day moving average price is $4.23 and its 200-day moving average price is $4.22. Airgain, Inc. has a 1-year low of $3.00 and a 1-year high of $7.39. The firm has a market capitalization of $64.58 million, a P/E ratio of -10.80 and a beta of 0.94.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business 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%. Equities analysts anticipate that Airgain, Inc. will post -0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AIRG has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, January 21st. Northland Securities cut their price objective on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, November 17th. Craig Hallum decreased their price objective on shares of Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Lake Street Capital began coverage on Airgain in a research report on Wednesday, January 21st. They set a “buy” rating and a $6.00 target price on the stock. Finally, Royal Bank Of Canada set a $6.00 price target on Airgain in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.20.

Institutional Investors Weigh In On Airgain

Several institutional investors have recently bought and sold shares of the company. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Airgain in the 4th quarter worth $934,000. Susquehanna International Group LLP purchased a new stake in shares of Airgain in the third quarter valued at about $91,000. Citadel Advisors LLC increased its position in Airgain by 270.1% during the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after purchasing an additional 43,214 shares during the last quarter. Farther Finance Advisors LLC increased its position in Airgain by 24.2% during the third 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 during the last quarter. Finally, Marathon Capital Management purchased a new position in Airgain during the second quarter worth about $42,000. 52.76% of the stock is currently owned by institutional investors and hedge funds.

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.