Airgain (NASDAQ:AIRG) CFO Michael Elbaz Sells 12,769 Shares

March 26, 2026 by InsiderTrades.com

Key Points

CEO Jacob Suen sold 37,314 shares on March 20 at an average price of $4.12 for a total of $153,733.68, trimming his stake by about 11.6% to 284,431 shares (≈$1.17M).
Other executives including the CTO and CFO also completed sizable sales around March 20–23, signaling notable insider outflows that could weigh on investor sentiment.
Airgain (NASDAQ:AIRG) has a market cap of roughly $65.7M, a 1‑year range of $3.00–$5.85, and a consensus analyst view of a “Moderate Buy” with an average price target near $6.20.

Airgain, Inc. (NASDAQ:AIRG - Get Free Report) CFO Michael Elbaz sold 12,769 shares of the company's stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $4.12, for a total transaction of $52,608.28. Following the sale, the chief financial officer directly owned 140,780 shares of the company's stock, valued at approximately $580,013.60. This trade represents a 8.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Michael Elbaz also recently made the following trade(s):

On Tuesday, January 20th, Michael Elbaz sold 4,587 shares of Airgain stock. The shares were sold at an average price of $4.00, for a total transaction of $18,348.00.

Airgain Price Performance

Shares of AIRG opened at $5.38 on Thursday. Airgain, Inc. has a one year low of $3.00 and a one year high of $5.85. The company has a market cap of $65.74 million, a P/E ratio of -10.15 and a beta of 0.93. The firm has a 50 day simple moving average of $4.59 and a two-hundred day simple moving average of $4.26.

Institutional Trading of Airgain

A number of hedge funds have recently made changes to their positions in the company. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Airgain during the fourth quarter worth about $934,000. Citadel Advisors LLC increased its stake in shares of Airgain by 270.1% in 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. Susquehanna International Group LLP bought a new position in Airgain in the 3rd quarter valued at approximately $91,000. XTX Topco Ltd bought a new position in Airgain in the 4th quarter valued at approximately $44,000. Finally, Marathon Capital Management acquired a new stake in Airgain during the 2nd quarter worth approximately $42,000. 52.76% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Airgain

Here are the key news stories impacting Airgain this week:

Positive Sentiment: Zacks highlighted Airgain as a big mover on higher-than-average volume and noted a favorable trend in earnings-estimate revisions, which can attract momentum traders and lift the stock short-term. Airgain (AIRG) Soars 8.0%: Is Further Upside Left in the Stock?
Positive Sentiment: Airgain announced a partnership with Myanmar Airways International to strengthen pricing intelligence and market responsiveness — a commercial win that supports revenue growth and commercial validation. Myanmar Airways International Partners with AirGain
Neutral Sentiment: Short-interest reports in late March show 0 shares reported shorted (and contain data anomalies like NaN), so short-interest signals are currently unreliable as a sentiment gauge for AIRG.
Negative Sentiment: CEO Jacob Suen sold 37,314 shares on March 20 at an average price of $4.12 (disclosed to the SEC), reducing his stake by ~11.6% — a sizable insider sale that can be perceived negatively by investors. CEO Jacob Suen sale filing
Negative Sentiment: CTO Ali Sadri completed larger and smaller sell-offs (13,638 shares on Mar 20 at $4.12 and 1,000 shares on Mar 23 at $5.00), reducing his holdings noticeably — another insider outflow. CTO Ali Sadri sale filing(s)
Negative Sentiment: CFO Michael Elbaz sold 12,769 shares on Mar 20 at $4.12 (SEC filing), trimming his stake by ~8.3% — additional insider selling that may weigh on investor sentiment. CFO Michael Elbaz sale filing

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Airgain in a research report on Wednesday, January 21st. Royal Bank Of Canada set a $6.00 target price on Airgain in a research report on Wednesday, January 21st. Finally, Lake Street Capital started coverage on Airgain in a research note on Wednesday, January 21st. They set a "buy" rating and a $6.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $6.20.

Check Out Our Latest Analysis on Airgain

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.