Airgain (NASDAQ:AIRG) CTO Ali Sadri Sells 2,119 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CTO Ali Sadri sold 2,119 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $5.01, for a total value of $10,616.19. Following the completion of the transaction, the chief technology officer owned 124,911 shares of the company’s stock, valued at $625,804.11. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Tuesday, January 20th, Ali Sadri sold 4,733 shares of Airgain stock. The shares were sold at an average price of $4.00, for a total transaction of $18,932.00.
• On Monday, November 24th, Ali Sadri sold 976 shares of Airgain stock. The stock was sold at an average price of $3.99, for a total transaction of $3,894.24.

Airgain Stock Down 1.3%

AIRG opened at $5.40 on Thursday. The stock has a market capitalization of $64.58 million, a price-to-earnings ratio of -10.80 and a beta of 0.94. The firm has a 50 day moving average price of $4.23 and a 200-day moving average price of $4.22. Airgain, Inc. has a twelve month low of $3.00 and a twelve month high of $7.39.

Airgain (NASDAQ:AIRG) last posted its earnings results on Wednesday, November 12th. The technology company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $14.02 million during the quarter, compared to the consensus estimate of $14.13 million. Airgain had a negative net margin of 10.87% and a negative return on equity of 16.03%. As a group, analysts expect that Airgain, Inc. will post -0.53 earnings per share for the current year.

Institutional Trading of Airgain

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Airgain during the 4th quarter valued at $934,000. Susquehanna International Group LLP bought a new position in Airgain in the 3rd quarter worth $91,000. Citadel Advisors LLC increased 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 buying an additional 43,214 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Airgain by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $167,000 after acquiring an additional 7,500 shares during the period. Finally, Marathon Capital Management bought a new stake in Airgain during the second quarter valued at about $42,000. 52.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank Of Canada set a $6.00 price objective on Airgain in a report on Wednesday, January 21st. Northland Securities cut their price target on Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, November 17th. Craig Hallum reduced their price target on shares of Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, January 21st. Finally, Lake Street Capital began coverage on shares of Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Airgain has a consensus rating of “Moderate Buy” and an average price target 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.