Michael Elbaz Sells 1,487 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 1,487 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $6.98, for a total value of $10,379.26. Following the sale, the chief financial officer owned 139,293 shares of the company’s stock, valued at $972,265.14. This represents a 1.06% 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 hyperlink.

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

• On Wednesday, May 13th, Michael Elbaz sold 3,787 shares of Airgain stock. The stock was sold at an average price of $6.77, for a total value of $25,637.99.
• 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 value of $52,608.28.

Airgain Trading Up 1.7%

AIRG traded up $0.11 during trading on Thursday, hitting $6.76. 49,475 shares of the company’s stock were exchanged, compared to its average volume of 81,573. Airgain, Inc. has a 1 year low of $3.00 and a 1 year high of $7.39. The stock has a 50 day moving average price of $5.60 and a 200 day moving average price of $4.75. The firm has a market cap of $85.69 million, a P/E ratio of -12.29 and a beta of 0.90.

Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $11.51 million during the quarter, compared to the consensus estimate of $11.48 million. Airgain had a negative net margin of 13.22% and a negative return on equity of 15.42%. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. Analysts forecast that Airgain, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AIRG shares. Northland Securities set a $8.50 price objective on shares of Airgain in a research note on Thursday, May 7th. Wall Street Zen upgraded Airgain from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Craig Hallum restated a “buy” rating and set a $9.00 target price on shares of Airgain in a research note on Thursday, May 7th. Royal Bank Of Canada set a $6.00 target price on Airgain in a research note on Wednesday, January 21st. Finally, Lake Street Capital assumed coverage on Airgain in a research note on Wednesday, January 21st. They set a “buy” rating and a $6.00 target price for the company. 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 currently has a consensus rating of “Moderate Buy” and an average price target of $7.70.

Institutional Investors Weigh In On Airgain

Several institutional investors and hedge funds have recently bought and sold shares of AIRG. XTX Topco Ltd acquired a new position in Airgain during the 4th quarter valued at about $44,000. Susquehanna International Group LLP bought a new position in Airgain during the 3rd quarter valued at $91,000. Citadel Advisors LLC lifted 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 acquiring an additional 43,214 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in Airgain in the 4th quarter valued at about $934,000. 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.