Nano Cap New Millennium Growth Fund L P Acquires Shares of 230,000 Airgain, Inc. $AIRG

Nano Cap New Millennium Growth Fund L P acquired a new stake in Airgain, Inc. (NASDAQ:AIRG) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 230,000 shares of the technology company’s stock, valued at approximately $934,000. Nano Cap New Millennium Growth Fund L P owned about 1.92% of Airgain as of its most recent filing with the SEC.

Separately, Susquehanna International Group LLP bought a new position in Airgain in the 3rd quarter valued at $91,000. 52.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Michael Elbaz sold 12,769 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $4.12, for a total value of $52,608.28. Following the transaction, the chief financial officer owned 140,780 shares of the company’s stock, valued at approximately $580,013.60. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Suen sold 37,314 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $4.12, for a total value of $153,733.68. Following the completion of the transaction, the chief executive officer directly owned 284,431 shares in the company, valued at $1,171,855.72. The trade was a 11.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 83,500 shares of company stock valued at $377,585. 17.80% of the stock is owned by insiders.

Airgain Stock Down 1.6%

Shares of NASDAQ AIRG opened at $6.86 on Friday. The business’s 50 day moving average price is $5.93 and its two-hundred day moving average price is $4.86. The company has a market cap of $86.98 million, a PE ratio of -12.47 and a beta of 0.90. Airgain, Inc. has a twelve month low of $3.00 and a twelve month high of $7.39.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.The firm had revenue of $11.51 million for the quarter, compared to the consensus estimate of $11.48 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. As a group, research analysts anticipate that Airgain, Inc. will post -0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AIRG shares. Craig Hallum restated a “buy” rating and issued a $9.00 price target on shares of Airgain in a research report on Thursday, May 7th. Wall Street Zen upgraded Airgain from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Northland Securities set a $8.50 price target on Airgain in a research report on Thursday, May 7th. Weiss Ratings lowered Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Finally, Roth Mkm restated a “buy” rating and issued a $9.00 price target on shares of Airgain in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Airgain has a consensus rating of “Moderate Buy” and an average target price of $7.70.

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.