Michael Elbaz Sells 4,587 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 4,587 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $4.00, for a total transaction of $18,348.00. Following the completion of the transaction, the chief financial officer owned 133,106 shares of the company’s stock, valued at approximately $532,424. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, November 24th, Michael Elbaz sold 4,820 shares of Airgain stock. The shares were sold at an average price of $3.99, for a total value of $19,231.80.

Airgain Stock Up 3.2%

AIRG opened at $4.55 on Friday. The firm’s fifty day simple moving average is $4.07 and its two-hundred day simple moving average is $4.22. Airgain, Inc. has a 52-week low of $3.00 and a 52-week high of $8.46. The company has a market cap of $54.42 million, a price-to-earnings ratio of -9.10 and a beta of 0.87.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Airgain had a negative net margin of 10.87% and a negative return on equity of 16.03%. The firm had revenue of $14.02 million for the quarter, compared to analyst estimates of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. On average, research analysts forecast that Airgain, Inc. will post -0.53 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in Airgain by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after acquiring an additional 7,500 shares during the last quarter. Marathon Capital Management purchased a new position in shares of Airgain during the 2nd quarter worth $42,000. Susquehanna International Group LLP acquired a new stake in shares of Airgain during the 3rd quarter worth about $91,000. Finally, Citadel Advisors LLC raised its holdings in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after buying an additional 43,214 shares during the period. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Royal Bank Of Canada set a $6.00 price objective on Airgain in a research note on Wednesday. Lake Street Capital initiated coverage on Airgain in a report on Wednesday. They issued a “buy” rating and a $6.00 price target for the company. Northland Securities reduced their price objective on Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, November 17th. Craig Hallum dropped their target price on Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.20.

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.