Airgain (NASDAQ:AIRG) CEO Sells $15,408.64 in Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 3,704 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $4.16, for a total transaction of $15,408.64. Following the transaction, the chief executive officer owned 282,931 shares in the company, valued at $1,176,992.96. This represents a 1.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, February 10th, Jacob Suen sold 888 shares of Airgain stock. The shares were sold at an average price of $5.07, for a total transaction of $4,502.16.
• On Monday, February 9th, Jacob Suen sold 6,112 shares of Airgain stock. The shares were sold at an average price of $5.01, for a total transaction of $30,621.12.
• On Tuesday, January 20th, Jacob Suen sold 15,993 shares of Airgain stock. The shares were sold at an average price of $4.00, for a total value of $63,972.00.

Airgain Stock Performance

AIRG traded down $0.05 during trading on Friday, hitting $4.05. 32,595 shares of the stock were exchanged, compared to its average volume of 56,689. Airgain, Inc. has a 1 year low of $3.00 and a 1 year high of $5.85. The firm has a 50 day simple moving average of $4.50 and a 200 day simple moving average of $4.26. The firm has a market cap of $49.49 million, a price-to-earnings ratio of -7.64 and a beta of 0.93.

Institutional Investors Weigh In On Airgain

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in Airgain in the 4th quarter worth approximately $44,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Airgain during the 4th quarter valued at approximately $934,000. Susquehanna International Group LLP bought a new stake in shares of Airgain during the 3rd quarter valued at about $91,000. Citadel Advisors LLC increased 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 worth $118,000 after buying an additional 43,214 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Airgain by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after purchasing an additional 7,500 shares during the last quarter. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Lake Street Capital began coverage on Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 target price for the company. Northland Securities decreased their price target on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, November 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a report on Wednesday, January 21st. Royal Bank Of Canada set a $6.00 price objective on shares of Airgain in a research report on Wednesday, January 21st. Finally, Craig Hallum reduced their price objective on Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $6.20.

Airgain Company Profile

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.