Airgain, Inc. (NASDAQ:AIRG) Director Sells $27,717.12 in Stock

Airgain, Inc. (NASDAQ:AIRG) Director Arthur M. Toscanini sold 6,912 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $4.01, for a total transaction of $27,717.12. Following the transaction, the director now owns 89,956 shares in the company, valued at approximately $360,723.56. The trade was a 7.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Airgain Trading Down 1.7%

Airgain stock traded down $0.07 during midday trading on Monday, hitting $4.12. The stock had a trading volume of 15,088 shares, compared to its average volume of 34,517. Airgain, Inc. has a 12 month low of $3.17 and a 12 month high of $10.34. The business has a fifty day moving average price of $3.89 and a 200 day moving average price of $6.27. The stock has a market cap of $48.59 million, a P/E ratio of -3.61 and a beta of 0.87.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AIRG. Virtu Financial LLC acquired a new stake in Airgain in the fourth quarter worth about $73,000. Marshall Wace LLP bought a new stake in shares of Airgain during the 4th quarter worth about $75,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Airgain in the 4th quarter worth approximately $107,000. Essex Investment Management Co. LLC bought a new position in shares of Airgain in the fourth quarter valued at approximately $145,000. Finally, Jane Street Group LLC acquired a new position in shares of Airgain during the fourth quarter valued at approximately $192,000. 52.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Craig Hallum reduced their target price on Airgain from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. StockNews.com began coverage on Airgain in a report on Monday, May 12th. They issued a “hold” rating for the company.

About Airgain

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.