Insider Selling: Airgain Inc (AIRG) President Sells 3,000 Shares of Stock

Airgain Inc (NASDAQ:AIRG) President Jacob Suen sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $15.00, for a total value of $45,000.00. Following the completion of the transaction, the president now owns 45,630 shares of the company’s stock, valued at approximately $684,450. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, April 11th, Jacob Suen sold 3,000 shares of Airgain stock. The stock was sold at an average price of $15.00, for a total value of $45,000.00.
  • On Tuesday, March 5th, Jacob Suen sold 8,000 shares of Airgain stock. The stock was sold at an average price of $14.00, for a total value of $112,000.00.
  • On Wednesday, February 27th, Jacob Suen sold 10,000 shares of Airgain stock. The stock was sold at an average price of $12.73, for a total value of $127,300.00.

NASDAQ AIRG traded down $0.30 during trading hours on Thursday, hitting $14.58. The company had a trading volume of 4,624 shares, compared to its average volume of 103,379. Airgain Inc has a fifty-two week low of $7.85 and a fifty-two week high of $17.25. The firm has a market capitalization of $149.79 million, a PE ratio of -53.85 and a beta of 1.83.

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 Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Airgain had a negative return on equity of 2.60% and a negative net margin of 1.83%. The company had revenue of $15.10 million during the quarter, compared to analyst estimates of $15.04 million. During the same period in the prior year, the business earned ($0.07) earnings per share. Airgain’s quarterly revenue was up 13.5% on a year-over-year basis. On average, equities research analysts predict that Airgain Inc will post 0.13 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blair William & Co. IL increased its position in Airgain by 2.2% in the first quarter. Blair William & Co. IL now owns 627,717 shares of the technology company’s stock worth $8,054,000 after buying an additional 13,505 shares during the period. Vanguard Group Inc raised its stake in shares of Airgain by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 340,094 shares of the technology company’s stock worth $4,469,000 after purchasing an additional 1,900 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in shares of Airgain by 3.5% during the 1st quarter. Kennedy Capital Management Inc. now owns 191,071 shares of the technology company’s stock worth $2,451,000 after purchasing an additional 6,537 shares in the last quarter. Worth Venture Partners LLC raised its stake in shares of Airgain by 35.9% during the 4th quarter. Worth Venture Partners LLC now owns 145,111 shares of the technology company’s stock worth $1,436,000 after purchasing an additional 38,296 shares in the last quarter. Finally, Alambic Investment Management L.P. raised its stake in shares of Airgain by 45.3% during the 1st quarter. Alambic Investment Management L.P. now owns 140,322 shares of the technology company’s stock worth $1,800,000 after purchasing an additional 43,736 shares in the last quarter. 35.35% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on AIRG. B. Riley increased their target price on Airgain from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Zacks Investment Research raised Airgain from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Friday, February 15th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of Airgain in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Airgain presently has a consensus rating of “Buy” and a consensus target price of $18.25.

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About Airgain

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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