Airgain (NASDAQ:AIRG) CEO Sells $29,770.23 in Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 4,573 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.51, for a total transaction of $29,770.23. Following the completion of the sale, the chief executive officer directly owned 281,431 shares of the company’s stock, valued at $1,832,115.81. The trade was a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, May 1st, Jacob Suen sold 1,000 shares of Airgain stock. The shares were sold at an average price of $7.03, for a total transaction of $7,030.00.
• On Wednesday, April 1st, Jacob Suen sold 1,000 shares of Airgain stock. The shares were sold at an average price of $5.51, for a total transaction of $5,510.00.
• 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 Friday, March 20th, Jacob Suen sold 37,314 shares of Airgain stock. The stock was sold at an average price of $4.12, for a total value of $153,733.68.
• On Wednesday, March 4th, Jacob Suen sold 3,704 shares of Airgain stock. The stock was sold at an average price of $4.16, for a total value of $15,408.64.

Airgain Stock Performance

Shares of NASDAQ AIRG opened at $6.84 on Monday. Airgain, Inc. has a 12-month low of $3.00 and a 12-month high of $7.39. The stock’s fifty day simple moving average is $5.71 and its two-hundred day simple moving average is $4.79. The stock has a market capitalization of $86.73 million, a PE ratio of -12.44 and a beta of 0.90.

Airgain (NASDAQ:AIRG) last released 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). The firm had revenue of $11.51 million during the quarter, compared to analyst estimates of $11.48 million. Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. On average, equities analysts predict that Airgain, Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AIRG has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a research report on Monday, April 20th. Wall Street Zen raised shares of Airgain from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Lake Street Capital began coverage on shares of Airgain in a research note on Wednesday, January 21st. They set a “buy” rating and a $6.00 price objective for the company. Craig Hallum reissued a “buy” rating and set a $9.00 target price on shares of Airgain in a research report on Thursday, May 7th. Finally, Roth Mkm restated a “buy” rating and issued a $9.00 target price on shares of Airgain in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $7.70.

Institutional Investors Weigh In On Airgain

Several institutional investors have recently added to or reduced their stakes in AIRG. XTX Topco Ltd purchased a new stake in shares of Airgain during the fourth quarter worth about $44,000. Susquehanna International Group LLP purchased a new position in shares of Airgain in the 3rd quarter valued at approximately $91,000. Citadel Advisors LLC boosted its stake in 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 in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in Airgain in the 4th quarter worth approximately $934,000. Finally, Renaissance Technologies LLC grew its position in Airgain by 4.6% during the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after purchasing an additional 14,700 shares during the last quarter. Institutional investors and hedge funds own 52.76% of the company’s stock.

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.