Blair William & Co. IL Sells 42,150 Shares of Airgain, Inc. (NASDAQ:AIRG)

Blair William & Co. IL decreased its holdings in shares of Airgain, Inc. (NASDAQ:AIRG) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 749,731 shares of the technology company’s stock after selling 42,150 shares during the quarter. Blair William & Co. IL owned about 6.61% of Airgain worth $5,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in Airgain during the 4th quarter worth $73,000. Farther Finance Advisors LLC grew its stake in shares of Airgain by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 43,277 shares of the technology company’s stock worth $306,000 after purchasing an additional 7,000 shares during the period. Essex Investment Management Co. LLC bought a new stake in Airgain in the fourth quarter valued at about $145,000. Bailard Inc. acquired a new position in Airgain in the fourth quarter valued at about $235,000. Finally, Geode Capital Management LLC boosted its holdings in Airgain by 23.2% during the third quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock worth $841,000 after buying an additional 20,970 shares during the last quarter. 52.76% of the stock is owned by institutional investors.

Insider Activity at Airgain

In related news, CEO Jacob Suen sold 12,093 shares of Airgain stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $4.85, for a total value of $58,651.05. Following the sale, the chief executive officer now owns 229,999 shares of the company’s stock, valued at approximately $1,115,495.15. This trade represents a 5.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 19,195 shares of company stock valued at $88,255. 16.10% of the stock is owned by corporate insiders.

Airgain Price Performance

NASDAQ AIRG opened at $3.85 on Monday. Airgain, Inc. has a one year low of $3.85 and a one year high of $10.34. The firm has a market cap of $44.50 million, a P/E ratio of -3.38 and a beta of 0.67. The stock’s 50-day moving average is $6.04 and its 200-day moving average is $7.48.

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

Analyst Upgrades and Downgrades

AIRG has been the subject of a number of recent analyst reports. StockNews.com raised Airgain from a “hold” rating to a “buy” rating in a research note on Saturday. Craig Hallum cut their target price on shares of Airgain from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 28th.

About Airgain

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.