Jacob Suen Sells 6,112 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 6,112 shares of Airgain stock in a transaction on Monday, February 9th. The stock was sold at an average price of $5.01, for a total value of $30,621.12. Following the sale, the chief executive officer directly owned 287,523 shares of the company’s stock, valued at approximately $1,440,490.23. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, February 10th, Jacob Suen sold 888 shares of Airgain stock. The stock was sold at an average price of $5.07, for a total value of $4,502.16.
• On Tuesday, January 20th, Jacob Suen sold 15,993 shares of Airgain stock. The stock was sold at an average price of $4.00, for a total value of $63,972.00.
• On Monday, November 24th, Jacob Suen sold 2,070 shares of Airgain stock. The shares were sold at an average price of $3.99, for a total transaction of $8,259.30.

Airgain Price Performance

Airgain stock opened at $5.28 on Friday. The firm has a market capitalization of $63.15 million, a price-to-earnings ratio of -10.56 and a beta of 0.94. The company’s 50 day simple moving average is $4.25 and its 200 day simple moving average is $4.23. Airgain, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.39.

Airgain (NASDAQ:AIRG) last posted its earnings results on Wednesday, November 12th. The technology company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $14.02 million for the quarter, compared to analyst estimates 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 predict that Airgain, Inc. will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Airgain

Several hedge funds have recently made changes to their positions in the business. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Airgain in the fourth quarter valued at approximately $934,000. Citadel Advisors LLC grew its position in Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after purchasing an additional 43,214 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Airgain in the 3rd quarter valued at $91,000. Marathon Capital Management bought a new stake in Airgain during the 2nd quarter worth about $42,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Airgain by 24.2% during 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 last quarter. 52.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AIRG shares. Craig Hallum dropped their price target on Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, January 21st. Royal Bank Of Canada set a $6.00 price target on shares of Airgain in a research note on Wednesday, January 21st. Lake Street Capital started coverage on shares of Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price target for the company. Finally, Northland Securities dropped their price objective 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 analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Airgain currently has a consensus rating of “Moderate Buy” and an average target price of $6.20.

About Airgain

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.