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.
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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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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