Airgain, Inc. (NASDAQ:AIRG - Get Free Report) CTO Ali Sadri sold 2,119 shares of Airgain stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $5.01, for a total value of $10,616.19. Following the sale, the chief technology officer directly owned 124,911 shares in the company, valued at $625,804.11. This trade represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Ali Sadri also recently made the following trade(s):
- On Tuesday, February 10th, Ali Sadri sold 881 shares of Airgain stock. The shares were sold at an average price of $5.24, for a total transaction of $4,616.44.
- On Tuesday, January 20th, Ali Sadri sold 4,733 shares of Airgain stock. The stock was sold at an average price of $4.00, for a total transaction of $18,932.00.
- On Monday, November 24th, Ali Sadri sold 976 shares of Airgain stock. The shares were sold at an average price of $3.99, for a total transaction of $3,894.24.
Airgain Stock Down 1.3%
AIRG opened at $5.40 on Thursday. The company has a market capitalization of $64.58 million, a PE ratio of -10.80 and a beta of 0.94. The firm has a 50-day simple moving average of $4.23 and a two-hundred day simple moving average of $4.22. Airgain, Inc. has a 52 week low of $3.00 and a 52 week high of $7.39.
Airgain (NASDAQ:AIRG - Get Free Report) last posted its earnings results on Wednesday, November 12th. The technology company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Airgain had a negative return on equity of 16.03% and a negative net margin of 10.87%.The company had revenue of $14.02 million for the quarter, compared to the consensus estimate of $14.13 million. As a group, sell-side analysts expect that Airgain, Inc. will post -0.53 earnings per share for the current year.
Hedge Funds Weigh In On Airgain
Large investors have recently made changes to their positions in the company. Marathon Capital Management bought a new position in Airgain during the 2nd quarter valued at about $42,000. Susquehanna International Group LLP bought a new stake in Airgain in the third quarter worth about $91,000. Citadel Advisors LLC boosted its position in shares of Airgain by 270.1% during the third 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 during the period. Farther Finance Advisors LLC boosted its position in shares of Airgain by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company's stock valued at $167,000 after buying an additional 7,500 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in shares of Airgain during the fourth quarter valued at approximately $934,000. 52.76% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on AIRG. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Airgain in a report on Wednesday, January 21st. Royal Bank Of Canada set a $6.00 price objective on shares of Airgain in a research report on Wednesday, January 21st. Northland Securities dropped their price objective on shares of Airgain from $8.00 to $7.00 and set an "outperform" rating for the company in a research note on Monday, November 17th. Lake Street Capital initiated coverage on shares of Airgain in a research report on Wednesday, January 21st. They set a "buy" rating and a $6.00 target price on the stock. Finally, Craig Hallum lowered their price target on shares of Airgain from $7.00 to $5.00 and set a "buy" rating for the company in a report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $6.20.
View Our Latest Research Report on AIRG
Airgain Company Profile
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Get Free Report)
Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.
The company's product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.
Further Reading
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