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

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 4,573 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 281,431 shares of the company’s stock, valued at $1,832,115.81. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, May 1st, Jacob Suen sold 1,000 shares of Airgain stock. The shares were sold at an average price of $7.03, for a total transaction 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 transaction 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 transaction of $5,000.00.
• On Friday, March 20th, Jacob Suen sold 37,314 shares of Airgain stock. The shares were sold at an average price of $4.12, for a total transaction 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 transaction of $15,408.64.

Airgain Trading Down 2.1%

Shares of NASDAQ:AIRG opened at $6.84 on Friday. The company has a market cap of $86.73 million, a price-to-earnings ratio of -12.44 and a beta of 0.90. The company has a 50-day moving average price of $5.71 and a 200-day moving average price of $4.78. Airgain, Inc. has a 12 month low of $3.00 and a 12 month high of $7.39.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Lake Street Capital assumed coverage on shares of Airgain in a research note on Wednesday, January 21st. They set a “buy” rating and a $6.00 price objective for the company. Wall Street Zen raised shares of Airgain from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research note on Monday, April 20th. Roth Mkm reiterated a “buy” rating and set a $9.00 price target on shares of Airgain in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada set a $6.00 price target on shares of Airgain in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $7.70.

Hedge Funds Weigh In On Airgain

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Airgain during the fourth quarter valued at about $934,000. Susquehanna International Group LLP purchased a new position in shares of Airgain during the third quarter valued at about $91,000. Citadel Advisors LLC increased its position in shares of Airgain by 270.1% during the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after buying an additional 43,214 shares during the period. XTX Topco Ltd purchased a new position in shares of Airgain during the fourth quarter valued at about $44,000. Finally, Renaissance Technologies LLC grew 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 worth $1,850,000 after purchasing an additional 14,700 shares during the period. Hedge funds and other institutional investors own 52.76% of the company’s stock.

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.