Airgain (NASDAQ:AIRG) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Airgain (NASDAQ:AIRGGet Free Report) in a research report issued on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Airgain Trading Up 0.7 %

NASDAQ AIRG opened at $5.45 on Friday. Airgain has a 52 week low of $1.63 and a 52 week high of $6.37. The stock has a market cap of $57.28 million, a price-to-earnings ratio of -4.58 and a beta of 0.81. The company has a 50-day moving average price of $4.41 and a two-hundred day moving average price of $3.72.

Insiders Place Their Bets

In other news, CTO Ali Sadri sold 5,379 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total value of $27,432.90. Following the completion of the transaction, the chief technology officer now directly owns 96,958 shares in the company, valued at $494,485.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CTO Ali Sadri sold 5,379 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total value of $27,432.90. Following the completion of the transaction, the chief technology officer now directly owns 96,958 shares in the company, valued at $494,485.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jacob Suen sold 10,639 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total transaction of $54,258.90. Following the completion of the transaction, the chief executive officer now owns 236,275 shares of the company’s stock, valued at $1,205,002.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,814 shares of company stock worth $122,510. Insiders own 15.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AIRG. Bank of America Corp DE lifted its stake in Airgain by 28,550.0% during the first quarter. Bank of America Corp DE now owns 6,303 shares of the technology company’s stock valued at $34,000 after purchasing an additional 6,281 shares during the last quarter. Advisor Group Holdings Inc. lifted its stake in Airgain by 30.7% during the first quarter. Advisor Group Holdings Inc. now owns 4,916 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,154 shares during the last quarter. UBS Group AG lifted its stake in Airgain by 256.8% during the second quarter. UBS Group AG now owns 6,066 shares of the technology company’s stock valued at $49,000 after purchasing an additional 4,366 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Airgain during the fourth quarter valued at approximately $73,000. Finally, Virtu Financial LLC acquired a new stake in Airgain during the second quarter valued at approximately $85,000. 52.76% of the stock is currently owned by institutional investors.

About Airgain

(Get Free Report)

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.

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