Jacob Suen Sells 6,982 Shares of Airgain, Inc. (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 6,982 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $4.16, for a total value of $29,045.12. Following the completion of the transaction, the chief executive officer now owns 305,546 shares of the company’s stock, valued at $1,271,071.36. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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 transaction of $58,651.05.

Airgain Price Performance

Airgain stock opened at $4.15 on Friday. The stock has a fifty day moving average price of $6.38 and a two-hundred day moving average price of $7.62. Airgain, Inc. has a 52-week low of $3.87 and a 52-week high of $10.34. The firm has a market capitalization of $47.97 million, a P/E ratio of -3.64 and a beta of 0.67.

Airgain (NASDAQ:AIRG) last announced its earnings results on Thursday, February 27th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The firm had revenue of $15.08 million for the quarter, compared to analyst estimates of $16.35 million. Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. On average, equities research analysts predict that Airgain, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Trading of Airgain

Several hedge funds have recently modified their holdings of AIRG. Virtu Financial LLC acquired a new stake in Airgain during the 4th quarter valued at $73,000. Marshall Wace LLP acquired a new stake in shares of Airgain in the fourth quarter valued at $75,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Airgain in the fourth quarter valued at $107,000. Essex Investment Management Co. LLC acquired a new stake in shares of Airgain in the fourth quarter valued at $145,000. Finally, Jane Street Group LLC acquired a new stake in shares of Airgain in the fourth quarter valued at $192,000. Institutional investors and hedge funds own 52.76% of the company’s stock.

Wall Street Analyst Weigh In

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

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.