Airgain (NASDAQ:AIRG) CEO Jacob Suen Sells 15,993 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 15,993 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $4.00, for a total transaction of $63,972.00. Following the completion of the sale, the chief executive officer directly owned 293,635 shares of the company’s stock, valued at approximately $1,174,540. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 24th, Jacob Suen sold 2,070 shares of Airgain stock. The shares were sold at an average price of $3.99, for a total transaction of $8,259.30.

Airgain Stock Up 1.4%

Shares of NASDAQ:AIRG opened at $4.41 on Friday. The business’s 50 day moving average is $4.06 and its 200 day moving average is $4.21. The stock has a market cap of $52.74 million, a P/E ratio of -8.82 and a beta of 0.87. Airgain, Inc. has a 52-week low of $3.00 and a 52-week high of $8.47.

Airgain (NASDAQ:AIRG) last issued its earnings results on Wednesday, November 12th. The technology company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Airgain had a negative return on equity of 16.03% and a negative net margin of 10.87%.The business had revenue of $14.02 million during the quarter, compared to analyst estimates of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. On average, sell-side analysts anticipate that Airgain, Inc. will post -0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Airgain in a report on Wednesday. Craig Hallum reduced their price objective on shares of Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Royal Bank Of Canada set a $6.00 target price on Airgain in a research report on Wednesday. Lake Street Capital began coverage on Airgain in a research report on Wednesday. They set a “buy” rating and a $6.00 price objective on the stock. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.20.

Hedge Funds Weigh In On Airgain

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Marathon Capital Management acquired a new stake in Airgain in the 2nd quarter worth approximately $42,000. Susquehanna International Group LLP purchased a new position in shares of Airgain in the third quarter worth $91,000. Citadel Advisors LLC lifted its position in Airgain by 270.1% during the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after acquiring an additional 43,214 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Airgain by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $167,000 after purchasing an additional 7,500 shares during the period. 52.76% of the stock is owned by hedge funds and other institutional investors.

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.