Airgain (NASDAQ:AIRG) CEO Sells $63,972.00 in Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 15,993 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $4.00, for a total value of $63,972.00. Following the completion of the sale, the chief executive officer directly owned 293,635 shares of the company’s stock, valued at approximately $1,174,540. This trade represents a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, November 24th, Jacob Suen sold 2,070 shares of Airgain stock. The stock was sold at an average price of $3.99, for a total value of $8,259.30.

Airgain Price Performance

Shares of Airgain stock opened at $4.55 on Friday. Airgain, Inc. has a one year low of $3.00 and a one year high of $8.46. The business’s 50 day simple moving average is $4.07 and its two-hundred day simple moving average is $4.21. The stock has a market capitalization of $54.42 million, a P/E ratio of -9.10 and a beta of 0.87.

Airgain (NASDAQ:AIRG) last released its quarterly earnings data 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 return on equity of 16.03% and a negative net margin of 10.87%.The firm had revenue of $14.02 million during the quarter, compared to analyst estimates of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. Sell-side analysts expect that Airgain, Inc. will post -0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada set a $6.00 target price on shares of Airgain in a report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a report on Wednesday. Lake Street Capital began coverage on Airgain in a research note on Wednesday. They set a “buy” rating and a $6.00 target price on the stock. Craig Hallum decreased 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, Northland Securities cut their price target on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.20.

Institutional Investors Weigh In On Airgain

Several hedge funds have recently made changes to their positions in AIRG. Marathon Capital Management purchased a new stake in Airgain in the second quarter worth $42,000. Susquehanna International Group LLP purchased a new position in Airgain during the third quarter valued at $91,000. Citadel Advisors LLC boosted its holdings in shares of Airgain by 270.1% during 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 in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Airgain by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after buying an additional 7,500 shares during the period. 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.