Jacob Suen Sells 3,704 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 3,704 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $4.16, for a total transaction of $15,408.64. Following the completion of the transaction, the chief executive officer owned 282,931 shares of the company’s stock, valued at approximately $1,176,992.96. This represents a 1.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 transaction of $4,502.16.
• On Monday, February 9th, Jacob Suen sold 6,112 shares of Airgain stock. The shares were sold at an average price of $5.01, for a total transaction of $30,621.12.
• 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.

Airgain Stock Performance

NASDAQ:AIRG traded down $0.05 during mid-day trading on Friday, hitting $4.05. The company had a trading volume of 32,595 shares, compared to its average volume of 56,689. Airgain, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $5.85. The firm has a market cap of $49.49 million, a P/E ratio of -7.64 and a beta of 0.93. The business’s fifty day moving average is $4.50 and its two-hundred day moving average is $4.26.

Institutional Investors Weigh In On Airgain

A number of hedge funds and other institutional investors have recently bought and sold shares of AIRG. Marathon Capital Management purchased a new position in Airgain during the second quarter worth about $42,000. XTX Topco Ltd bought a new position in Airgain during the 4th quarter valued at approximately $44,000. Susquehanna International Group LLP bought a new position in Airgain in the 3rd quarter worth $91,000. Citadel Advisors LLC grew its holdings in shares of Airgain by 270.1% during 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, Farther Finance Advisors LLC raised its holdings in Airgain by 24.2% in 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 in the last quarter. Institutional investors own 52.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AIRG. Lake Street Capital started coverage on shares of Airgain in a research report on Wednesday, January 21st. They set a “buy” rating and a $6.00 price objective for the company. Craig Hallum cut their price target on shares of Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Northland Securities decreased 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. Royal Bank Of Canada set a $6.00 price objective on Airgain in a research note on Wednesday, January 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Airgain has an average rating of “Moderate Buy” and an average target price of $6.20.

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.