Insider Selling: Airgain (NASDAQ:AIRG) CEO Sells $153,733.68 in Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 37,314 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $4.12, for a total transaction of $153,733.68. Following the completion of the transaction, the chief executive officer directly owned 284,431 shares in the company, valued at approximately $1,171,855.72. This represents a 11.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, March 23rd, Jacob Suen sold 1,000 shares of Airgain stock. The stock was sold at an average price of $5.00, for a total transaction of $5,000.00.
• On Wednesday, March 4th, Jacob Suen sold 3,704 shares of Airgain stock. The shares were sold at an average price of $4.16, for a total value of $15,408.64.
• On Tuesday, February 10th, Jacob Suen sold 888 shares of Airgain stock. The stock was sold at an average price of $5.07, for a total value 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 value of $30,621.12.
• On Tuesday, January 20th, Jacob Suen sold 15,993 shares of Airgain stock. The stock was sold at an average price of $4.00, for a total value of $63,972.00.

Airgain Stock Down 0.7%

Shares of NASDAQ:AIRG opened at $5.33 on Friday. The company has a market capitalization of $65.13 million, a price-to-earnings ratio of -10.06 and a beta of 0.93. The company has a 50 day moving average of $4.64 and a two-hundred day moving average of $4.28. Airgain, Inc. has a 52-week low of $3.00 and a 52-week high of $5.85.

Hedge Funds Weigh In On Airgain

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in shares of 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 purchasing an additional 7,500 shares during the period. Marathon Capital Management acquired a new position in Airgain during the 2nd quarter valued at approximately $42,000. XTX Topco Ltd bought a new position in Airgain during the 4th quarter worth $44,000. Susquehanna International Group LLP bought a new position in Airgain during the 3rd quarter worth $91,000. Finally, Citadel Advisors LLC increased its position 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 buying an additional 43,214 shares during the period. 52.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AIRG has been the topic of several analyst reports. Royal Bank Of Canada set a $6.00 price objective on Airgain in a report on Wednesday, January 21st. Wall Street Zen raised shares of Airgain to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, January 21st. Finally, Lake Street Capital assumed coverage on shares of Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Airgain presently has an average rating of “Moderate Buy” and a consensus price target 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.