Airgain, Inc. (NASDAQ:AIRG) CFO Sells $61,602.93 in Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 6,777 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $9.09, for a total transaction of $61,602.93. Following the completion of the transaction, the chief financial officer now directly owns 102,794 shares in the company, valued at approximately $934,397.46. This represents a 6.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Airgain Trading Down 0.3 %

AIRG stock traded down $0.03 during trading on Tuesday, reaching $9.00. 27,369 shares of the stock were exchanged, compared to its average volume of 32,145. The firm has a market capitalization of $102.15 million, a price-to-earnings ratio of -7.92 and a beta of 0.69. The business has a 50 day moving average price of $8.67 and a 200-day moving average price of $7.18. Airgain, Inc. has a 1 year low of $2.25 and a 1 year high of $10.34.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC lifted its stake in shares of Airgain by 30.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 558,309 shares of the technology company’s stock valued at $3,372,000 after purchasing an additional 131,675 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Airgain by 195.5% in the third quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock valued at $274,000 after buying an additional 24,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in Airgain by 23.2% during the third quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock worth $841,000 after buying an additional 20,970 shares during the period. Renaissance Technologies LLC increased its position in shares of Airgain by 0.8% during the second quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock valued at $2,128,000 after acquiring an additional 2,800 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Airgain by 3.7% in the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock valued at $502,000 after acquiring an additional 2,400 shares during the period. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Craig Hallum increased their price objective on shares of Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Northland Securities reaffirmed an “outperform” rating and issued a $11.50 price target (up previously from $8.00) on shares of Airgain in a report on Wednesday, November 13th.

About Airgain

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.