First Eagle Investment Management LLC Sells 29,728 Shares of Airgain, Inc. (NASDAQ:AIRG)

First Eagle Investment Management LLC decreased its stake in Airgain, Inc. (NASDAQ:AIRG) by 5.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 568,069 shares of the technology company’s stock after selling 29,728 shares during the quarter. First Eagle Investment Management LLC owned 0.05% of Airgain worth $4,011,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in shares of Airgain by 19.3% in the 4th quarter. Farther Finance Advisors LLC now owns 43,277 shares of the technology company’s stock worth $306,000 after buying an additional 7,000 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Airgain during the 4th quarter valued at $145,000. Bailard Inc. bought a new position in shares of Airgain during the 4th quarter valued at $235,000. Finally, Geode Capital Management LLC grew its holdings in shares of Airgain by 23.2% during the 3rd quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock valued at $841,000 after purchasing an additional 20,970 shares during the last quarter. Institutional investors own 52.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum reduced their target price on shares of Airgain from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 28th.

Airgain Stock Performance

AIRG stock opened at $4.36 on Friday. Airgain, Inc. has a 52 week low of $4.35 and a 52 week high of $10.34. The firm’s fifty day moving average is $6.56 and its 200 day moving average is $7.71. The firm has a market cap of $50.40 million, a P/E ratio of -3.82 and a beta of 0.67.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Thursday, February 27th. The technology company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $15.08 million for the quarter, compared to analysts’ expectations of $16.35 million. Airgain had a negative net margin of 21.96% and a negative return on equity of 29.90%. As a group, analysts forecast that Airgain, Inc. will post -0.53 EPS for the current year.

Insider Buying and Selling at Airgain

In other Airgain news, CEO Jacob Suen sold 12,093 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $4.85, for a total transaction of $58,651.05. Following the completion of the sale, the chief executive officer now owns 229,999 shares of the company’s stock, valued at $1,115,495.15. This represents a 5.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 16.10% of the stock is currently owned by corporate insiders.

Airgain Profile

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.