Ali Sadri Sells 2,119 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CTO Ali Sadri sold 2,119 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $5.01, for a total value of $10,616.19. Following the completion of the transaction, the chief technology officer directly owned 124,911 shares in the company, valued at approximately $625,804.11. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ali Sadri also recently made the following trade(s):

• On Tuesday, February 10th, Ali Sadri sold 881 shares of Airgain stock. The stock was sold at an average price of $5.24, for a total value of $4,616.44.
• On Tuesday, January 20th, Ali Sadri sold 4,733 shares of Airgain stock. The shares were sold at an average price of $4.00, for a total transaction of $18,932.00.
• On Monday, November 24th, Ali Sadri sold 976 shares of Airgain stock. The shares were sold at an average price of $3.99, for a total value of $3,894.24.

Airgain Trading Down 1.3%

Shares of NASDAQ:AIRG traded down $0.07 during trading on Wednesday, reaching $5.40. 30,429 shares of the company traded hands, compared to its average volume of 57,366. Airgain, Inc. has a 52-week low of $3.00 and a 52-week high of $7.39. The firm has a market capitalization of $64.58 million, a price-to-earnings ratio of -10.80 and a beta of 0.94. The business’s fifty day moving average is $4.23 and its 200-day moving average is $4.22.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $14.02 million during the quarter, compared to analyst estimates of $14.13 million. Airgain had a negative net margin of 10.87% and a negative return on equity of 16.03%. On average, sell-side analysts predict that Airgain, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

AIRG has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $6.00 price target on Airgain in a report on Wednesday, January 21st. Lake Street Capital assumed coverage on Airgain in a report on Wednesday, January 21st. They set a “buy” rating and a $6.00 target price for the company. Craig Hallum dropped their price target on Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. Finally, Northland Securities decreased 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. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Airgain presently has a consensus rating of “Moderate Buy” and an average target price of $6.20.

Institutional Trading of Airgain

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marathon Capital Management bought a new position in shares of Airgain during the second quarter valued at approximately $42,000. Susquehanna International Group LLP bought a new position in shares of Airgain during the third quarter valued at $91,000. Citadel Advisors LLC boosted its holdings in shares of Airgain by 270.1% during the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after acquiring an additional 43,214 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Airgain by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Airgain in the 4th quarter worth $934,000. 52.76% of the stock is owned by hedge funds and other institutional investors.

About Airgain

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.