Airgain, Inc. (NASDAQ:AIRG) CEO Sells $29,045.12 in Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 6,982 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $4.16, for a total transaction of $29,045.12. Following the completion of the sale, the chief executive officer now directly owns 305,546 shares in the company, valued at approximately $1,271,071.36. This represents a 2.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, March 13th, Jacob Suen sold 120 shares of Airgain stock. The stock was sold at an average price of $4.66, for a total transaction of $559.20.
• On Friday, March 7th, Jacob Suen sold 12,093 shares of Airgain stock. The stock was sold at an average price of $4.85, for a total transaction of $58,651.05.

Airgain Trading Up 2.4 %

Shares of NASDAQ:AIRG traded up $0.10 on Wednesday, hitting $4.35. The company had a trading volume of 14,840 shares, compared to its average volume of 33,692. Airgain, Inc. has a 1-year low of $3.87 and a 1-year high of $10.34. The stock has a market cap of $50.28 million, a price-to-earnings ratio of -3.82 and a beta of 0.67. The stock has a 50 day moving average price of $6.46 and a 200 day moving average price of $7.67.

Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Thursday, February 27th. The technology company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). The company had revenue of $15.08 million during the quarter, compared to analyst estimates of $16.35 million. Airgain had a negative net margin of 21.96% and a negative return on equity of 29.90%. Sell-side analysts anticipate that Airgain, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airgain

A number of institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its position in shares of Airgain by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 677,584 shares of the technology company’s stock valued at $4,784,000 after acquiring an additional 3,283 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Airgain by 19.3% in the fourth quarter. Farther Finance Advisors LLC now owns 43,277 shares of the technology company’s stock valued at $306,000 after acquiring an additional 7,000 shares during the period. Virtu Financial LLC bought a new stake in shares of Airgain in the fourth quarter valued at about $73,000. Marshall Wace LLP bought a new stake in shares of Airgain in the fourth quarter valued at about $75,000. Finally, Dimensional Fund Advisors LP lifted its position in Airgain by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 105,954 shares of the technology company’s stock worth $748,000 after purchasing an additional 12,000 shares during the period. Institutional investors own 52.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum cut their price objective on shares of Airgain from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 28th.

Airgain Company Profile

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.