Insider Selling: Airgain (NASDAQ:AIRG) CFO Sells 1,487 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 1,487 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $6.98, for a total transaction of $10,379.26. Following the completion of the transaction, the chief financial officer directly owned 139,293 shares of the company’s stock, valued at $972,265.14. This represents a 1.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Elbaz also recently made the following trade(s):

• On Wednesday, May 13th, Michael Elbaz sold 3,787 shares of Airgain stock. The shares were sold at an average price of $6.77, for a total value of $25,637.99.
• On Friday, March 20th, Michael Elbaz sold 12,769 shares of Airgain stock. The shares were sold at an average price of $4.12, for a total value of $52,608.28.

Airgain Stock Performance

AIRG stock traded up $0.11 during mid-day trading on Thursday, reaching $6.76. The company had a trading volume of 49,475 shares, compared to its average volume of 81,573. Airgain, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.39. The firm has a fifty day simple moving average of $5.60 and a 200 day simple moving average of $4.75. The company has a market capitalization of $85.69 million, a price-to-earnings ratio of -12.29 and a beta of 0.90.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.08) EPS for the quarter, meeting analysts’ consensus estimates of ($0.08). The company had revenue of $11.51 million for 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, analysts predict that Airgain, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AIRG. Lake Street Capital began coverage on shares of Airgain in a research note on Wednesday, January 21st. They set a “buy” rating and a $6.00 price target on the stock. Northland Securities set a $8.50 price objective on Airgain in a research note on Thursday, May 7th. Roth Mkm reissued a “buy” rating and issued a $9.00 price objective on shares of Airgain in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research note on Monday, April 20th. Finally, Wall Street Zen raised shares of Airgain from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

Hedge Funds Weigh In On Airgain

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in Airgain during the fourth quarter worth approximately $44,000. Susquehanna International Group LLP purchased a new position in Airgain during the third quarter worth approximately $91,000. Citadel Advisors LLC raised its stake in Airgain by 270.1% during the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after purchasing an additional 43,214 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Airgain during the fourth quarter worth approximately $934,000. Hedge funds and other institutional investors own 52.76% of the company’s stock.

About Airgain

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.