Insider Selling: Airgain, Inc. (NASDAQ:AIRG) CEO Sells 6,982 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 6,982 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $4.16, for a total transaction of $29,045.12. Following the transaction, the chief executive officer now owns 305,546 shares in the company, valued at approximately $1,271,071.36. This trade represents a 2.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, March 13th, Jacob Suen sold 120 shares of Airgain stock. The shares were sold at an average price of $4.66, for a total transaction of $559.20.
• On Friday, March 7th, Jacob Suen sold 12,093 shares of Airgain stock. The shares were sold at an average price of $4.85, for a total value of $58,651.05.

Airgain Trading Up 2.4 %

Airgain stock opened at $4.35 on Thursday. Airgain, Inc. has a 12 month low of $3.87 and a 12 month high of $10.34. The stock’s 50 day simple moving average is $6.42 and its two-hundred day simple moving average is $7.65. The firm has a market cap of $50.28 million, a PE ratio of -3.82 and a beta of 0.67.

Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Thursday, February 27th. The technology company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. The company had revenue of $15.08 million during the quarter, compared to analysts’ expectations of $16.35 million. On average, equities research analysts forecast that Airgain, Inc. will post -0.53 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its position in shares of Airgain by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 677,584 shares of the technology company’s stock valued at $4,784,000 after buying an additional 3,283 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Airgain by 19.3% during the 4th quarter. Farther Finance Advisors LLC now owns 43,277 shares of the technology company’s stock valued at $306,000 after buying an additional 7,000 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Airgain during the 4th quarter valued at approximately $73,000. Marshall Wace LLP purchased a new position in shares of Airgain during the 4th quarter valued at approximately $75,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Airgain by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 105,954 shares of the technology company’s stock valued at $748,000 after buying an additional 12,000 shares in the last quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum dropped their target price on Airgain from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 28th.

Airgain Company Profile

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.