Airgain Inc (AIRG) Director Sells $19,664.32 in Stock

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Airgain Inc (NASDAQ:AIRG) Director Arthur M. Toscanini sold 1,508 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $13.04, for a total transaction of $19,664.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of AIRG traded down $0.39 during trading hours on Friday, hitting $12.72. 171,000 shares of the stock were exchanged, compared to its average volume of 55,767. Airgain Inc has a fifty-two week low of $7.40 and a fifty-two week high of $14.17. The stock has a market cap of $130.52 million, a PE ratio of -47.11 and a beta of 1.68.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Thursday, February 14th. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09. The business had revenue of $16.56 million during the quarter, compared to analysts’ expectations of $16.44 million. Airgain had a negative net margin of 4.26% and a negative return on equity of 5.89%. The business’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period last year, the company posted $0.10 earnings per share. On average, equities research analysts anticipate that Airgain Inc will post 0.13 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Airgain from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, February 15th. Five analysts have rated the stock with a buy rating, Airgain presently has a consensus rating of “Buy” and a consensus target price of $13.67.

A number of large investors have recently bought and sold shares of AIRG. O Shaughnessy Asset Management LLC acquired a new stake in Airgain in the fourth quarter worth $75,000. Gagnon Securities LLC acquired a new stake in Airgain in the third quarter worth $117,000. Dimensional Fund Advisors LP grew its holdings in Airgain by 189.0% in the third quarter. Dimensional Fund Advisors LP now owns 43,468 shares of the technology company’s stock worth $571,000 after purchasing an additional 28,427 shares during the period. JPMorgan Chase & Co. grew its holdings in Airgain by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 51,780 shares of the technology company’s stock worth $680,000 after purchasing an additional 17,238 shares during the period. Finally, EAM Investors LLC acquired a new stake in Airgain in the third quarter worth $879,000. Institutional investors and hedge funds own 35.24% of the company’s stock.

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About Airgain

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.

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