Jacob Suen Sells 6,112 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 6,112 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $5.01, for a total transaction of $30,621.12. Following the sale, the chief executive officer directly owned 287,523 shares of the company’s stock, valued at approximately $1,440,490.23. The trade was a 2.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, February 10th, Jacob Suen sold 888 shares of Airgain stock. The stock was sold at an average price of $5.07, for a total value of $4,502.16.
• On Tuesday, January 20th, Jacob Suen sold 15,993 shares of Airgain stock. The shares were sold at an average price of $4.00, for a total value of $63,972.00.
• On Monday, November 24th, Jacob Suen sold 2,070 shares of Airgain stock. The stock was sold at an average price of $3.99, for a total value of $8,259.30.

Airgain Price Performance

Shares of AIRG stock traded down $0.07 during trading hours on Wednesday, hitting $5.40. 30,429 shares of the company’s stock were exchanged, compared to its average volume of 57,366. Airgain, Inc. has a 52 week low of $3.00 and a 52 week high of $7.39. The stock’s 50-day moving average is $4.23 and its 200-day moving average is $4.22.

Airgain (NASDAQ:AIRG) last released its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $14.02 million during the quarter, compared to analysts’ expectations of $14.13 million. Airgain had a negative return on equity of 16.03% and a negative net margin of 10.87%. Equities research analysts expect that Airgain, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Trading of Airgain

Large investors have recently bought and sold shares of the business. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Airgain during the fourth quarter worth $934,000. Farther Finance Advisors LLC raised its stake in shares of Airgain by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after purchasing an additional 7,500 shares in the last quarter. Citadel Advisors LLC lifted its stake in Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after acquiring an additional 43,214 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Airgain in the 3rd quarter valued at about $91,000. Finally, Marathon Capital Management bought a new position in shares of Airgain during the 2nd quarter worth approximately $42,000. 52.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AIRG shares. Northland Securities lowered their price target on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, November 17th. Craig Hallum lowered their target price on shares of Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. Lake Street Capital initiated coverage on Airgain in a research note on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Royal Bank Of Canada set a $6.00 price objective on Airgain in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.20.

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.