Airgain (NASDAQ:AIRG) CTO Ali Sadri Sells 13,638 Shares

Airgain, Inc. (NASDAQ:AIRG) CTO Ali Sadri sold 13,638 shares of Airgain stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $4.12, for a total transaction of $56,188.56. Following the transaction, the chief technology officer directly owned 126,263 shares of the company’s stock, valued at $520,203.56. This represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ali Sadri also recently made the following trade(s):

• On Monday, March 23rd, Ali Sadri 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, Ali Sadri sold 1,228 shares of Airgain stock. The stock was sold at an average price of $4.16, for a total transaction of $5,108.48.
• On Tuesday, February 17th, Ali Sadri sold 1,000 shares of Airgain stock. The shares were sold at an average price of $5.28, for a total transaction of $5,280.00.
• On Tuesday, February 10th, Ali Sadri sold 881 shares of Airgain stock. The stock was sold at an average price of $5.24, for a total value of $4,616.44.
• On Monday, February 9th, Ali Sadri sold 2,119 shares of Airgain stock. The stock was sold at an average price of $5.01, for a total value of $10,616.19.
• On Tuesday, January 20th, Ali Sadri sold 4,733 shares of Airgain stock. The stock was sold at an average price of $4.00, for a total value of $18,932.00.

Airgain Price Performance

AIRG stock opened at $5.38 on Thursday. The business has a fifty day moving average price of $4.59 and a 200 day moving average price of $4.26. Airgain, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $5.85. The stock has a market capitalization of $65.74 million, a price-to-earnings ratio of -10.15 and a beta of 0.93.

Analysts Set New Price Targets

A number of research firms recently issued reports on AIRG. Royal Bank Of Canada set a $6.00 price target on Airgain in a report on Wednesday, January 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. Finally, Lake Street Capital started coverage on shares of Airgain in a research note on Wednesday, January 21st. They issued a “buy” rating and a $6.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.20.

Institutional Investors Weigh In On Airgain

Several hedge funds and other institutional investors have recently made changes to their positions in AIRG. Marathon Capital Management bought a new stake in shares of Airgain during the second quarter worth $42,000. XTX Topco Ltd bought a new position in Airgain in the fourth quarter valued at about $44,000. Susquehanna International Group LLP bought a new position in Airgain in the third quarter valued at about $91,000. 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 purchasing an additional 43,214 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in 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 last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Airgain

Here are the key news stories impacting Airgain this week:

• Positive Sentiment: Zacks highlighted Airgain as a big mover on higher-than-average volume and noted a favorable trend in earnings-estimate revisions, which can attract momentum traders and lift the stock short-term. Airgain (AIRG) Soars 8.0%: Is Further Upside Left in the Stock?
• Positive Sentiment: Airgain announced a partnership with Myanmar Airways International to strengthen pricing intelligence and market responsiveness — a commercial win that supports revenue growth and commercial validation. Myanmar Airways International Partners with AirGain
• Neutral Sentiment: Short-interest reports in late March show 0 shares reported shorted (and contain data anomalies like NaN), so short-interest signals are currently unreliable as a sentiment gauge for AIRG.
• Negative Sentiment: CEO Jacob Suen sold 37,314 shares on March 20 at an average price of $4.12 (disclosed to the SEC), reducing his stake by ~11.6% — a sizable insider sale that can be perceived negatively by investors. CEO Jacob Suen sale filing
• Negative Sentiment: CTO Ali Sadri completed larger and smaller sell-offs (13,638 shares on Mar 20 at $4.12 and 1,000 shares on Mar 23 at $5.00), reducing his holdings noticeably — another insider outflow. CTO Ali Sadri sale filing(s)
• Negative Sentiment: CFO Michael Elbaz sold 12,769 shares on Mar 20 at $4.12 (SEC filing), trimming his stake by ~8.3% — additional insider selling that may weigh on investor sentiment. CFO Michael Elbaz sale filing

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.