Insider Selling: Airgain (NASDAQ:AIRG) CFO Sells 12,769 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 12,769 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $4.12, for a total value of $52,608.28. Following the completion of the sale, the chief financial officer directly owned 140,780 shares in the company, valued at approximately $580,013.60. The trade was a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, January 20th, Michael Elbaz sold 4,587 shares of Airgain stock. The stock was sold at an average price of $4.00, for a total value of $18,348.00.

Airgain Trading Up 4.5%

Shares of Airgain stock opened at $5.38 on Wednesday. Airgain, Inc. has a 12 month low of $3.00 and a 12 month high of $5.85. The firm has a market capitalization of $65.74 million, a P/E ratio of -10.15 and a beta of 0.93. The business has a fifty day simple moving average of $4.56 and a two-hundred day simple moving average of $4.26.

Wall Street Analyst Weigh In

AIRG has been the topic of several research reports. Royal Bank Of Canada set a $6.00 price objective on shares of Airgain in a research note on Wednesday, January 21st. Lake Street Capital started coverage on shares of Airgain in a research note on Wednesday, January 21st. They set a “buy” rating and a $6.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.20.

Airgain News Roundup

Here are the key news stories impacting Airgain this week:

• Positive Sentiment: Zacks flagged AIRG as a big mover on higher‑than‑average volume and cited upward earnings estimate momentum, supporting near‑term upside potential. Airgain (AIRG) Soars 8.0%: Is Further Upside Left in the Stock?
• Positive Sentiment: Company is linked in press coverage to a partnership with Myanmar Airways International aimed at improving pricing intelligence and market responsiveness — a customer win that could help commercial traction if confirmed. Myanmar Airways International Partners with AirGain
• Neutral Sentiment: There is a Business‑Standard item about Myanmar Airways selecting Rategain’s pricing platform; that article appears focused on Rategain rather than Airgain, suggesting possible misattribution or limited direct impact on AIRG. MAI selects Rategain’s pricing intelligence platform
• Neutral Sentiment: Short‑interest reports show 0 shares short (and report data appears inconsistent/erroneous), so there is no clear short‑pressure signal from published short‑interest figures. (Data likely a reporting glitch.)
• Negative Sentiment: Multiple senior executives sold stock this week — CEO Jacob Suen, CTO Ali Sadri and CFO Michael Elbaz executed multi‑thousand‑share sales (notable blocks on March 20 at ~$4.12 and follow‑on sales at ~$5.00). These sizable insider liquidations (multiple filings) can create negative sentiment and selling pressure even if some sales are planned or for diversification. CEO SEC Filing CTO SEC Filing CFO SEC Filing

Hedge Funds Weigh In On Airgain

Several institutional investors and hedge funds have recently modified their holdings of AIRG. Citadel Advisors LLC raised its position in shares of Airgain by 270.1% in the 3rd 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. Susquehanna International Group LLP bought a new position in Airgain in the 3rd quarter worth about $91,000. XTX Topco Ltd purchased a new stake in Airgain during the 4th quarter valued at about $44,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Airgain during the 4th quarter valued at about $934,000. Finally, Farther Finance Advisors LLC increased its stake in Airgain by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $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.