Insider Selling: Airgain Inc (AIRG) President Sells 3,000 Shares of Stock

Airgain Inc (NASDAQ:AIRG) President Jacob Suen sold 3,000 shares of Airgain stock in a transaction dated Tuesday, May 14th. The shares were 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 directly owns 45,630 shares of the company’s stock, valued at $684,450. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Jacob Suen also recently made the following trade(s):

  • On Thursday, April 11th, Jacob Suen sold 3,000 shares of Airgain stock. The shares were 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 shares were 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 shares were sold at an average price of $12.73, for a total value of $127,300.00.

NASDAQ AIRG traded down $0.29 during trading on Friday, hitting $14.25. The stock had a trading volume of 416 shares, compared to its average volume of 169,073. The company has a market cap of $149.71 million, a P/E ratio of -52.56 and a beta of 1.83. Airgain Inc has a twelve month low of $7.85 and a twelve month high of $17.25.

Airgain (NASDAQ:AIRG) last released its earnings results on Thursday, May 9th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Airgain had a negative net margin of 1.83% and a negative return on equity of 2.57%. The firm had revenue of $15.10 million during the quarter, compared to analyst estimates of $15.04 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year.

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Airgain by 189.0% during the third quarter. Dimensional Fund Advisors LP now owns 43,468 shares of the technology company’s stock worth $571,000 after buying an additional 28,427 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in shares of Airgain during the fourth quarter worth about $957,000. Vanguard Group Inc grew its position in shares of Airgain by 0.6% during the third quarter. Vanguard Group Inc now owns 340,094 shares of the technology company’s stock worth $4,469,000 after buying an additional 1,900 shares in the last quarter. Perkins Capital Management Inc. grew its position in shares of Airgain by 1.4% during the first quarter. Perkins Capital Management Inc. now owns 93,800 shares of the technology company’s stock worth $1,203,000 after buying an additional 1,250 shares in the last quarter. Finally, Worth Venture Partners LLC grew its position in shares of Airgain by 35.9% during the fourth quarter. Worth Venture Partners LLC now owns 145,111 shares of the technology company’s stock worth $1,436,000 after buying an additional 38,296 shares in the last quarter. 35.35% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on AIRG shares. B. Riley lifted their target price on Airgain from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Zacks Investment Research raised Airgain from a “hold” rating to a “buy” rating and set a $12.00 target price for the company 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 assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $18.25.

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About Airgain

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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