Insider Selling: Airgain (NASDAQ:AIRG) CTO Sells $56,188.56 in Stock

Airgain, Inc. (NASDAQ:AIRG) CTO Ali Sadri sold 13,638 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $4.12, for a total value of $56,188.56. Following the sale, the chief technology officer owned 126,263 shares in the company, valued at approximately $520,203.56. This trade represents a 9.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 23rd, Ali Sadri sold 1,000 shares of Airgain stock. The stock was sold at an average price of $5.00, for a total value of $5,000.00.
• On Wednesday, March 4th, Ali Sadri sold 1,228 shares of Airgain stock. The shares were sold at an average price of $4.16, for a total transaction of $5,108.48.
• On Tuesday, February 17th, Ali Sadri sold 1,000 shares of Airgain stock. The stock was sold at an average price of $5.28, for a total transaction of $5,280.00.
• On Tuesday, February 10th, Ali Sadri sold 881 shares of Airgain stock. The shares were sold at an average price of $5.24, for a total transaction of $4,616.44.
• On Monday, February 9th, Ali Sadri sold 2,119 shares of Airgain stock. The shares were sold at an average price of $5.01, for a total transaction of $10,616.19.
• 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 value of $18,932.00.

Airgain Price Performance

Shares of NASDAQ AIRG opened at $5.33 on Friday. The business has a 50-day moving average of $4.64 and a two-hundred day moving average of $4.28. The company has a market capitalization of $65.13 million, a price-to-earnings ratio of -10.06 and a beta of 0.93. Airgain, Inc. has a 1 year low of $3.00 and a 1 year high of $5.85.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AIRG shares. Lake Street Capital assumed coverage on shares of Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 target price for the company. Royal Bank Of Canada set a $6.00 target price on Airgain in a research report on Wednesday, January 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Airgain to a “hold” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.20.

Institutional Investors Weigh In On Airgain

A number of institutional investors have recently added to or reduced their stakes in the business. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Airgain in the 4th quarter valued at approximately $934,000. Citadel Advisors LLC increased its holdings in shares of Airgain by 270.1% in the 3rd 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 purchased a new position in shares of Airgain in the 3rd quarter valued at about $91,000. XTX Topco Ltd acquired a new stake in shares of Airgain in the fourth quarter valued at about $44,000. Finally, Marathon Capital Management acquired a new stake in shares of Airgain in the second quarter valued at about $42,000. Hedge funds and other institutional investors own 52.76% of the company’s stock.

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.