Michael Elbaz Sells 4,587 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 4,587 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $4.00, for a total value of $18,348.00. Following the transaction, the chief financial officer directly owned 133,106 shares of the company’s stock, valued at $532,424. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 24th, Michael Elbaz sold 4,820 shares of Airgain stock. The stock was sold at an average price of $3.99, for a total value of $19,231.80.

Airgain Stock Performance

Shares of AIRG traded up $0.06 during trading hours on Thursday, hitting $4.41. 170,904 shares of the stock were exchanged, compared to its average volume of 50,950. The stock’s 50-day moving average price is $4.03 and its two-hundred day moving average price is $4.21. Airgain, Inc. has a 12-month low of $3.00 and a 12-month high of $8.47. The company has a market cap of $52.74 million, a price-to-earnings ratio of -8.82 and a beta of 0.87.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Airgain had a negative return on equity of 16.03% and a negative net margin of 10.87%.The company had revenue of $14.02 million for the quarter, compared to analyst estimates of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. On average, research analysts expect that Airgain, Inc. will post -0.53 earnings per share for the current year.

Institutional Trading of Airgain

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new stake in shares of Airgain during the 3rd quarter worth approximately $91,000. Citadel Advisors LLC grew its position in Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after acquiring an additional 43,214 shares during the period. Farther Finance Advisors LLC increased its stake in 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. Finally, Marathon Capital Management purchased a new stake in Airgain in the second quarter valued at $42,000. Institutional investors and hedge funds own 52.76% of the company’s stock.

Analyst Ratings Changes

AIRG has been the subject of a number of recent research reports. Northland Securities cut their price objective on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, November 17th. Lake Street Capital initiated coverage on Airgain in a research report on Wednesday. They issued a “buy” rating and a $6.00 price target for the company. Royal Bank Of Canada set a $6.00 price target on Airgain in a report on Wednesday. Craig Hallum reduced their price objective on Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.20.

Airgain Company Profile

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.