Airgain (NASDAQ:AIRG) Director Purchases $35,741.61 in Stock

Airgain, Inc. (NASDAQ:AIRG) Director James Sims purchased 6,731 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average price of $5.31 per share, for a total transaction of $35,741.61. Following the completion of the purchase, the director owned 449,464 shares of the company’s stock, valued at approximately $2,386,653.84. This represents a 1.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Airgain Stock Performance

NASDAQ:AIRG opened at $5.25 on Friday. Airgain, Inc. has a 1 year low of $3.00 and a 1 year high of $7.66. The stock has a fifty day moving average price of $5.68 and a two-hundred day moving average price of $5.86. The stock has a market capitalization of $68.78 million, a price-to-earnings ratio of -9.37 and a beta of 0.93.

Airgain (NASDAQ:AIRG) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.02 EPS for the quarter. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. The company had revenue of $13.70 million for the quarter, compared to analyst estimates of $13.45 million. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. On average, analysts predict that Airgain, Inc. will post -0.19 EPS for the current year.

Institutional Trading of Airgain

Several large investors have recently bought and sold shares of AIRG. Renaissance Technologies LLC increased its position in shares of Airgain by 4.6% in the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after buying an additional 14,700 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Airgain in the 4th quarter worth about $934,000. BlackRock Inc. purchased a new stake in shares of Airgain in the 2nd quarter worth about $1,355,000. Whitcomb & Hess Inc. boosted its position in shares of Airgain by 36.0% in the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock worth $357,000 after buying an additional 15,022 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake 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 acquiring an additional 43,214 shares during the last quarter. Institutional investors and hedge funds own 52.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded shares of Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $7.70.

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.