Jacob Suen Sells 6,982 Shares of Airgain, Inc. (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 6,982 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $4.16, for a total transaction of $29,045.12. Following the transaction, the chief executive officer now directly owns 305,546 shares in the company, valued at $1,271,071.36. The trade was a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, March 13th, Jacob Suen sold 120 shares of Airgain stock. The stock was sold at an average price of $4.66, for a total value of $559.20.
• On Friday, March 7th, Jacob Suen sold 12,093 shares of Airgain stock. The shares were sold at an average price of $4.85, for a total value of $58,651.05.

Airgain Price Performance

Airgain stock opened at $4.15 on Friday. Airgain, Inc. has a fifty-two week low of $3.87 and a fifty-two week high of $10.34. The firm has a fifty day moving average price of $6.38 and a two-hundred day moving average price of $7.62. The firm has a market cap of $47.97 million, a price-to-earnings ratio of -3.64 and a beta of 0.67.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings data 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). Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. The business had revenue of $15.08 million for the quarter, compared to analyst estimates of $16.35 million. As a group, sell-side analysts expect that Airgain, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ameriprise Financial Inc. lifted its holdings in shares of Airgain by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 677,584 shares of the technology company’s stock worth $4,784,000 after buying an additional 3,283 shares during the last quarter. Renaissance Technologies LLC raised its stake in Airgain by 10.8% during the 4th quarter. Renaissance Technologies LLC now owns 404,036 shares of the technology company’s stock valued at $2,852,000 after purchasing an additional 39,436 shares during the last quarter. Geode Capital Management LLC raised its stake in 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. Dimensional Fund Advisors LP raised its position in shares of Airgain by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 105,954 shares of the technology company’s stock valued at $748,000 after buying an additional 12,000 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Airgain by 69.4% during the fourth quarter. Northern Trust Corp now owns 64,861 shares of the technology company’s stock valued at $458,000 after buying an additional 26,573 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Airgain Company 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.