Key Points
- CFO Michael Elbaz sold 4,820 shares on Nov. 24 at an average price of $3.99 for $19,231.80, trimming his stake to 137,693 shares (a 3.38% decrease), according to an SEC filing.
- Airgain shares trade near $4 with a ~$48.6M market cap; the company reported Q3 EPS of $0.01 and $14.02M in revenue (slightly below estimates), remains unprofitable (negative net margin and ROE), and carries a consensus analyst rating of "Moderate Buy" with an average target of $6.33.
Airgain, Inc. (NASDAQ:AIRG - Get Free Report) CFO Michael Elbaz sold 4,820 shares of the firm's stock in a transaction on Monday, November 24th. The stock was sold at an average price of $3.99, for a total value of $19,231.80. Following the transaction, the chief financial officer directly owned 137,693 shares of the company's stock, valued at approximately $549,395.07. This represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Airgain Stock Down 1.0%
Shares of NASDAQ AIRG traded down $0.04 during trading on Thursday, reaching $4.06. The company had a trading volume of 15,097 shares, compared to its average volume of 29,485. Airgain, Inc. has a 12 month low of $3.00 and a 12 month high of $9.15. The stock has a market cap of $48.55 million, a P/E ratio of -7.00 and a beta of 0.85. The company's fifty day moving average price is $4.12 and its 200-day moving average price is $4.23.
Airgain (NASDAQ:AIRG - Get Free Report) last announced its earnings results on Wednesday, November 12th. The technology company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $14.02 million for the quarter, compared to analysts' expectations of $14.13 million. Airgain had a negative return on equity of 18.58% and a negative net margin of 11.86%. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. As a group, equities analysts predict that Airgain, Inc. will post -0.53 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bard Associates Inc. grew its holdings in Airgain by 2.6% in the first quarter. Bard Associates Inc. now owns 157,830 shares of the technology company's stock worth $532,000 after purchasing an additional 4,000 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Airgain by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company's stock worth $167,000 after purchasing an additional 7,500 shares in the last quarter. Marathon Capital Management bought a new position in shares of Airgain during the 2nd quarter worth about $42,000. Susquehanna International Group LLP acquired a new stake in shares of Airgain in the 3rd quarter valued at about $91,000. Finally, Citadel Advisors LLC increased its position in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company's stock valued at $118,000 after buying an additional 43,214 shares in the last quarter. 52.76% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Airgain in a research note on Wednesday, October 8th. Northland Securities decreased their price target on Airgain from $8.00 to $7.00 and set an "outperform" rating for the company in a report on Monday, November 17th. Finally, Craig Hallum lowered their price objective on Airgain from $7.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday, November 13th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $6.33.
Get Our Latest Stock Report on AIRG
Airgain Company Profile
(
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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.
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