Farther Finance Advisors LLC Grows Holdings in Airgain, Inc. (NASDAQ:AIRG)

Farther Finance Advisors LLC boosted its holdings in Airgain, Inc. (NASDAQ:AIRG) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,277 shares of the technology company’s stock after purchasing an additional 7,000 shares during the quarter. Farther Finance Advisors LLC owned about 0.38% of Airgain worth $306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Essex Investment Management Co. LLC purchased a new stake in Airgain in the 4th quarter valued at $145,000. Geode Capital Management LLC increased its stake in Airgain by 23.2% in the 3rd quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock valued at $841,000 after buying an additional 20,970 shares during the period. Finally, Bailard Inc. acquired a new position in Airgain in the 4th quarter valued at $235,000. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Analyst Ratings Changes

Separately, Craig Hallum dropped their price objective on shares of Airgain from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, February 28th.

Insider Transactions at Airgain

In other news, CEO Jacob Suen sold 12,093 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $4.85, for a total transaction of $58,651.05. Following the transaction, the chief executive officer now directly owns 229,999 shares of the company’s stock, valued at $1,115,495.15. This represents a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 16.10% of the company’s stock.

Airgain Stock Performance

Shares of AIRG opened at $4.25 on Wednesday. The stock has a market capitalization of $49.13 million, a P/E ratio of -3.73 and a beta of 0.67. The company’s fifty day moving average is $6.46 and its two-hundred day moving average is $7.67. Airgain, Inc. has a 1 year low of $3.87 and a 1 year high of $10.34.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Thursday, February 27th. The technology company reported ($0.11) earnings per share (EPS) 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 firm had revenue of $15.08 million during the quarter, compared to analyst estimates of $16.35 million. Sell-side analysts predict that Airgain, Inc. will post -0.53 EPS for the current year.

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.