Airgain (NASDAQ:AIRG) CEO Jacob Suen Sells 4,573 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 4,573 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $6.51, for a total transaction of $29,770.23. Following the transaction, the chief executive officer directly owned 281,431 shares in the company, valued at $1,832,115.81. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Jacob Suen also recently made the following trade(s):

• On Friday, May 1st, Jacob Suen sold 1,000 shares of Airgain stock. The stock was sold at an average price of $7.03, for a total value of $7,030.00.
• On Wednesday, April 1st, Jacob Suen sold 1,000 shares of Airgain stock. The stock was sold at an average price of $5.51, for a total value of $5,510.00.
• On Monday, March 23rd, Jacob Suen sold 1,000 shares of Airgain stock. The stock was sold at an average price of $5.00, for a total value of $5,000.00.
• On Friday, March 20th, Jacob Suen sold 37,314 shares of Airgain stock. The stock was sold at an average price of $4.12, for a total value of $153,733.68.
• On Wednesday, March 4th, Jacob Suen sold 3,704 shares of Airgain stock. The stock was sold at an average price of $4.16, for a total value of $15,408.64.

Airgain Price Performance

Airgain stock opened at $6.84 on Friday. Airgain, Inc. has a 12 month low of $3.00 and a 12 month high of $7.39. The business has a 50 day simple moving average of $5.71 and a 200-day simple moving average of $4.78. The stock has a market capitalization of $86.73 million, a PE ratio of -12.44 and a beta of 0.90.

Airgain (NASDAQ:AIRG) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.The business had revenue of $11.51 million during the quarter, compared to analysts’ expectations of $11.48 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. As a group, equities research analysts anticipate that Airgain, Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AIRG shares. Royal Bank Of Canada set a $6.00 price target on shares of Airgain in a report on Wednesday, January 21st. Craig Hallum reiterated a “buy” rating and issued a $9.00 price target on shares of Airgain in a report on Thursday, May 7th. Northland Securities set a $8.50 price target on shares of Airgain in a report on Thursday, May 7th. Lake Street Capital started coverage on shares of Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price target for the company. Finally, Wall Street Zen upgraded shares of Airgain from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Airgain presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

Institutional Trading of Airgain

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in shares of Airgain during the 4th quarter worth approximately $44,000. Renaissance Technologies LLC lifted its holdings in Airgain by 4.6% in the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after purchasing an additional 14,700 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Airgain in the 3rd quarter valued at about $91,000. Citadel Advisors LLC lifted its holdings in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after purchasing an additional 43,214 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Airgain in the 4th quarter valued at about $934,000. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

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.