Airgain (NASDAQ:AIRG) CFO Michael Elbaz Sells 3,787 Shares

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 3,787 shares of Airgain stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total transaction of $25,637.99. Following the sale, the chief financial officer directly owned 135,506 shares of the company’s stock, valued at approximately $917,375.62. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Michael Elbaz also recently made the following trade(s):

• On Tuesday, May 12th, Michael Elbaz sold 1,487 shares of Airgain stock. The stock was sold at an average price of $6.98, for a total transaction of $10,379.26.
• On Friday, March 20th, Michael Elbaz sold 12,769 shares of Airgain stock. The stock was sold at an average price of $4.12, for a total transaction of $52,608.28.

Airgain Price Performance

Shares of NASDAQ:AIRG opened at $6.99 on Friday. The company’s fifty day moving average price is $5.66 and its 200 day moving average price is $4.77. Airgain, Inc. has a 12 month low of $3.00 and a 12 month high of $7.39. The firm has a market capitalization of $88.63 million, a P/E ratio of -12.71 and a beta of 0.90.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Airgain had a negative net margin of 13.22% and a negative return on equity of 15.42%. The firm had revenue of $11.51 million for the quarter, compared to analyst estimates of $11.48 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. On average, sell-side analysts anticipate that Airgain, Inc. will post -0.18 EPS for the current year.

Institutional Trading of Airgain

Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC lifted its holdings in shares of Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after purchasing an additional 43,214 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Airgain in the third quarter valued at about $91,000. XTX Topco Ltd purchased a new stake in shares of Airgain in the fourth quarter valued at about $44,000. Renaissance Technologies LLC lifted its holdings in shares of Airgain by 4.6% in the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after purchasing an additional 14,700 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Airgain in the fourth quarter valued at about $934,000. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Royal Bank Of Canada set a $6.00 price objective on shares of Airgain in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Airgain from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Craig Hallum reissued a “buy” rating and set a $9.00 price objective on shares of Airgain in a report on Thursday, May 7th. Lake Street Capital began coverage on shares of Airgain in a report on Wednesday, January 21st. They set a “buy” rating and a $6.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.70.

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.