Key Points
- CEO Jacob Suen sold 3,704 shares on March 4 at an average price of $4.16 for $15,408.64, reducing his stake to 282,931 shares (a 1.29% decline); he also sold additional blocks on Feb 10, Feb 9 and Jan 20.
- NASDAQ:AIRG traded at $4.13 (up $0.03) with volume of 118,017 vs. an average of 63,847, a market cap of about $50.5M, a negative P/E of -7.79, and a 52‑week range of $3.00–$5.85.
- Analysts show a consensus Moderate Buy (four Buy, one Sell) with a consensus price target of $6.20.
Airgain, Inc. (NASDAQ:AIRG - Get Free Report) CEO Jacob Suen sold 3,704 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $4.16, for a total transaction of $15,408.64. Following the completion of the transaction, the chief executive officer directly owned 282,931 shares of the company's stock, valued at $1,176,992.96. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Jacob Suen also recently made the following trade(s):
- On Tuesday, February 10th, Jacob Suen sold 888 shares of Airgain stock. The shares were sold at an average price of $5.07, for a total transaction of $4,502.16.
- On Monday, February 9th, Jacob Suen sold 6,112 shares of Airgain stock. The shares were sold at an average price of $5.01, for a total transaction of $30,621.12.
- On Tuesday, January 20th, Jacob Suen sold 15,993 shares of Airgain stock. The stock was sold at an average price of $4.00, for a total transaction of $63,972.00.
Airgain Trading Up 0.7%
NASDAQ:AIRG traded up $0.03 on Friday, hitting $4.13. The company had a trading volume of 118,017 shares, compared to its average volume of 63,847. Airgain, Inc. has a 52 week low of $3.00 and a 52 week high of $5.85. The stock has a market capitalization of $50.47 million, a price-to-earnings ratio of -7.79 and a beta of 0.93. The firm has a 50 day moving average of $4.50 and a two-hundred day moving average of $4.26.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Lake Street Capital began coverage on Airgain in a report on Wednesday, January 21st. They set a "buy" rating and a $6.00 price objective on the stock. Craig Hallum dropped their target price on Airgain from $7.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday, November 13th. Northland Securities cut their price target on Airgain from $8.00 to $7.00 and set an "outperform" rating on the stock in a research note on Monday, November 17th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Airgain in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada set a $6.00 price objective on shares of Airgain in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.20.
Read Our Latest Report on Airgain
Institutional Trading of Airgain
Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC raised its position in Airgain by 270.1% during the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company's stock worth $118,000 after purchasing an additional 43,214 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Airgain in the 3rd quarter valued at about $91,000. XTX Topco Ltd acquired a new stake in shares of Airgain in the fourth quarter valued at about $44,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Airgain in the fourth quarter valued at about $934,000. Finally, Farther Finance Advisors LLC raised 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 worth $167,000 after acquiring an additional 7,500 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.
Airgain Company Profile
(
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.
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