Jacob Suen Sells 12,093 Shares of Airgain, Inc. (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 12,093 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $4.85, for a total transaction of $58,651.05. Following the completion of the sale, the chief executive officer now owns 229,999 shares of the company’s stock, valued at $1,115,495.15. This represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Airgain Price Performance

AIRG stock opened at $4.89 on Thursday. Airgain, Inc. has a 52-week low of $4.35 and a 52-week high of $10.34. The company has a 50-day moving average of $6.66 and a two-hundred day moving average of $7.76. The stock has a market capitalization of $56.52 million, a price-to-earnings ratio of -4.29 and a beta of 0.67.

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

Institutional Investors Weigh In On Airgain

Several hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in shares of Airgain by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 677,584 shares of the technology company’s stock valued at $4,784,000 after buying an additional 3,283 shares during the period. Jane Street Group LLC bought a new stake in shares of Airgain in the fourth quarter valued at about $192,000. Northern Trust Corp lifted its stake in shares of Airgain by 69.4% in the fourth quarter. Northern Trust Corp now owns 64,861 shares of the technology company’s stock valued at $458,000 after buying an additional 26,573 shares during the period. Dimensional Fund Advisors LP raised its position in Airgain by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 105,954 shares of the technology company’s stock worth $748,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Airgain in the fourth quarter worth about $75,000. Institutional investors own 52.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AIRG shares. Northland Securities restated an “outperform” rating and set a $11.50 price target (up from $8.00) on shares of Airgain in a report on Wednesday, November 13th. Craig Hallum decreased their price target on shares of Airgain from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 28th.

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.