Insider Selling: Airgain, Inc. (NASDAQ:AIRG) CEO Sells $29,045.12 in Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 6,982 shares of Airgain stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $4.16, for a total value of $29,045.12. Following the sale, the chief executive officer now directly owns 305,546 shares in the company, valued at approximately $1,271,071.36. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, March 13th, Jacob Suen sold 120 shares of Airgain stock. The stock was sold at an average price of $4.66, for a total value of $559.20.
• On Friday, March 7th, Jacob Suen sold 12,093 shares of Airgain stock. The stock was sold at an average price of $4.85, for a total value of $58,651.05.

Airgain Stock Down 3.9 %

Shares of NASDAQ AIRG opened at $3.99 on Friday. The stock’s 50 day moving average price is $6.33 and its two-hundred day moving average price is $7.60. Airgain, Inc. has a 52-week low of $3.87 and a 52-week high of $10.34. The stock has a market capitalization of $46.12 million, a P/E ratio of -3.50 and a beta of 0.67.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Thursday, February 27th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $15.08 million for the quarter, compared to analyst estimates of $16.35 million. Airgain had a negative net margin of 21.96% and a negative return on equity of 29.90%. On average, analysts anticipate that Airgain, Inc. will post -0.53 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Craig Hallum dropped their target price on Airgain from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 28th.

Institutional Investors Weigh In On Airgain

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of Airgain by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 677,584 shares of the technology company’s stock valued at $4,784,000 after acquiring an additional 3,283 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Airgain during the 4th quarter valued at approximately $192,000. Northern Trust Corp raised its position in shares of Airgain by 69.4% during the 4th quarter. Northern Trust Corp now owns 64,861 shares of the technology company’s stock valued at $458,000 after acquiring an additional 26,573 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Airgain by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 105,954 shares of the technology company’s stock worth $748,000 after buying an additional 12,000 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Airgain during the 4th quarter worth $75,000. 52.76% of the stock is owned by institutional investors and hedge funds.

About Airgain

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.