Airgain (NASDAQ:AIRG) CEO Jacob Suen Sells 4,573 Shares

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 4,573 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.51, for a total transaction of $29,770.23. Following the transaction, the chief executive officer owned 281,431 shares of the company’s stock, valued at $1,832,115.81. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, May 1st, Jacob Suen sold 1,000 shares of Airgain stock. The stock was sold at an average price of $7.03, for a total value of $7,030.00.
• On Wednesday, April 1st, Jacob Suen sold 1,000 shares of Airgain stock. The shares were sold at an average price of $5.51, for a total value of $5,510.00.
• On Monday, March 23rd, Jacob Suen sold 1,000 shares of Airgain stock. The shares were sold at an average price of $5.00, for a total value of $5,000.00.
• On Friday, March 20th, Jacob Suen sold 37,314 shares of Airgain stock. The stock was sold at an average price of $4.12, for a total value of $153,733.68.
• On Wednesday, March 4th, Jacob Suen sold 3,704 shares of Airgain stock. The shares were sold at an average price of $4.16, for a total value of $15,408.64.

Airgain Price Performance

AIRG traded down $0.11 during trading on Friday, reaching $6.88. 54,293 shares of the stock were exchanged, compared to its average volume of 81,815. The business’s 50 day moving average price is $5.66 and its two-hundred day moving average price is $4.77. The company has a market capitalization of $87.23 million, a price-to-earnings ratio of -12.51 and a beta of 0.90. Airgain, Inc. has a 1 year low of $3.00 and a 1 year high of $7.39.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.08) EPS 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 during the quarter, compared to analysts’ expectations of $11.48 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. On average, analysts anticipate that Airgain, Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AIRG. Lake Street Capital started coverage on Airgain in a research note on Wednesday, January 21st. They set a “buy” rating and a $6.00 price objective for the company. Northland Securities set a $8.50 target price on shares of Airgain in a research report on Thursday, May 7th. Craig Hallum reiterated a “buy” rating and issued a $9.00 price objective on shares of Airgain in a report on Thursday, May 7th. Wall Street Zen raised Airgain from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.70.

Institutional Investors Weigh In On Airgain

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC increased its position in Airgain by 270.1% in the 3rd 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. Susquehanna International Group LLP acquired a new position in Airgain in the third quarter worth $91,000. Nano Cap New Millennium Growth Fund L P acquired a new position in Airgain in the fourth quarter worth $934,000. XTX Topco Ltd acquired a new position in shares of Airgain during the fourth quarter valued at $44,000. Finally, Renaissance Technologies LLC increased its holdings in Airgain by 4.6% in the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after purchasing an additional 14,700 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.

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.