Michael Elbaz Sells 3,787 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 3,787 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total value of $25,637.99. Following the sale, the chief financial officer directly owned 135,506 shares of the company’s stock, valued at $917,375.62. This represents a 2.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Michael Elbaz also recently made the following trade(s):

• On Tuesday, May 12th, Michael Elbaz sold 1,487 shares of Airgain stock. The stock was sold at an average price of $6.98, for a total value of $10,379.26.
• On Friday, March 20th, Michael Elbaz sold 12,769 shares of Airgain stock. The stock was sold at an average price of $4.12, for a total value of $52,608.28.

Airgain Trading Down 2.1%

Shares of NASDAQ:AIRG opened at $6.84 on Friday. The stock has a market capitalization of $86.73 million, a P/E ratio of -12.44 and a beta of 0.90. Airgain, Inc. has a 1-year low of $3.00 and a 1-year high of $7.39. The business has a 50-day moving average price of $5.71 and a two-hundred day moving average price of $4.78.

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

Hedge Funds Weigh In On Airgain

Several institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in shares of 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 during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Airgain in the 4th quarter valued at approximately $934,000. Citadel Advisors LLC grew its position in shares of 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 during the period. Susquehanna International Group LLP acquired a new position in shares of Airgain in the 3rd quarter valued at approximately $91,000. Finally, XTX Topco Ltd acquired a new position in shares of Airgain in the 4th quarter valued at approximately $44,000. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AIRG. Craig Hallum reaffirmed a “buy” rating and issued a $9.00 price target on shares of Airgain in a research note on Thursday, May 7th. Northland Securities set a $8.50 price target on Airgain in a research note on Thursday, May 7th. Wall Street Zen raised Airgain from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Royal Bank Of Canada set a $6.00 price target on Airgain in a research note on Wednesday, January 21st. Finally, Roth Mkm reiterated a “buy” rating and issued a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.70.

Airgain Company Profile

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.