Insider Selling: Airgain Inc (NASDAQ:AIRG) CEO Sells 22,464 Shares of Stock

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Airgain Inc (NASDAQ:AIRG) CEO James K. Sims sold 22,464 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $14.20, for a total value of $318,988.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

James K. Sims also recently made the following trade(s):

  • On Wednesday, June 12th, James K. Sims sold 5,488 shares of Airgain stock. The shares were sold at an average price of $14.00, for a total value of $76,832.00.
  • On Monday, June 10th, James K. Sims sold 4,476 shares of Airgain stock. The shares were sold at an average price of $14.00, for a total value of $62,664.00.

Shares of AIRG stock opened at $13.29 on Friday. The stock has a market cap of $133.72 million, a PE ratio of -49.22 and a beta of 1.94. Airgain Inc has a 1-year low of $8.34 and a 1-year high of $17.25. The firm’s 50-day moving average is $14.07.

Airgain (NASDAQ:AIRG) last issued its earnings results on Thursday, May 9th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $15.10 million for the quarter, compared to analysts’ expectations of $15.04 million. Airgain had a negative net margin of 1.83% and a negative return on equity of 2.57%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share.

Several equities analysts have recently commented on AIRG shares. Northland Securities set a $50.00 price objective on Polarityte and gave the company a “buy” rating in a research report on Friday, May 10th. B. Riley increased their price objective on Airgain from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Airgain has a consensus rating of “Buy” and an average target price of $17.75.

Hedge funds have recently modified their holdings of the stock. BerganKDV Wealth Management LLC purchased a new stake in Airgain during the 1st quarter valued at about $128,000. Trellus Management Company LLC boosted its holdings in Airgain by 22.8% during the 1st quarter. Trellus Management Company LLC now owns 23,796 shares of the technology company’s stock valued at $305,000 after acquiring an additional 4,418 shares during the period. Navellier & Associates Inc purchased a new stake in Airgain during the 2nd quarter valued at about $305,000. Acadian Asset Management LLC purchased a new stake in Airgain during the 1st quarter valued at about $345,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in Airgain during the 1st quarter valued at about $413,000. Institutional investors own 34.90% of the company’s stock.

Airgain Company Profile

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors 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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Insider Buying and Selling by Quarter for Airgain (NASDAQ:AIRG)

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