Airgain (NASDAQ:AIRG) CFO Michael Elbaz Sells 4,820 Shares

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 4,820 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $3.99, for a total transaction of $19,231.80. Following the transaction, the chief financial officer owned 137,693 shares of the company’s stock, valued at approximately $549,395.07. This represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Airgain Stock Down 1.0%

Airgain stock traded down $0.04 during mid-day trading on Thursday, hitting $4.06. 15,097 shares of the company’s stock were exchanged, compared to its average volume of 29,485. The firm has a market capitalization of $48.55 million, a P/E ratio of -7.00 and a beta of 0.85. The company’s 50 day simple moving average is $4.12 and its 200-day simple moving average is $4.23. Airgain, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $9.15.

Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Airgain had a negative return on equity of 18.58% and a negative net margin of 11.86%.The business had revenue of $14.02 million for the quarter, compared to analysts’ expectations of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. Research analysts expect that Airgain, Inc. will post -0.53 EPS for the current year.

Hedge Funds Weigh In On Airgain

A number of institutional investors have recently modified their holdings of the business. Bard Associates Inc. raised its stake in Airgain by 2.6% during the first quarter. Bard Associates Inc. now owns 157,830 shares of the technology company’s stock worth $532,000 after acquiring an additional 4,000 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Airgain by 24.2% during 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 in the last quarter. Marathon Capital Management bought a new stake in shares of Airgain during the second quarter worth about $42,000. Susquehanna International Group LLP acquired a new position in shares of Airgain in the third quarter valued at approximately $91,000. Finally, Citadel Advisors LLC raised its holdings in Airgain by 270.1% in the 3rd 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 last quarter. Institutional investors and hedge funds own 52.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on AIRG shares. Northland Securities cut their price target on Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, November 17th. Craig Hallum dropped their target price on shares of Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Airgain presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.33.

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.