Airgain (NASDAQ:AIRG) CFO Michael Elbaz Sells 1,487 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 1,487 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $6.98, for a total value of $10,379.26. Following the completion of the transaction, the chief financial officer directly owned 139,293 shares in the company, valued at $972,265.14. This trade represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, May 13th, Michael Elbaz sold 3,787 shares of Airgain stock. The stock was sold at an average price of $6.77, for a total value of $25,637.99.
• On Friday, March 20th, Michael Elbaz sold 12,769 shares of Airgain stock. The shares were sold at an average price of $4.12, for a total value of $52,608.28.

Airgain Stock Performance

Airgain stock opened at $6.99 on Friday. The firm has a market capitalization of $88.63 million, a PE ratio of -12.71 and a beta of 0.90. Airgain, Inc. has a one year low of $3.00 and a one year high of $7.39. The stock’s 50 day moving average price is $5.66 and its 200 day moving average price is $4.77.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The company had revenue of $11.51 million during the quarter, compared to the consensus estimate of $11.48 million. Airgain had a negative net margin of 13.22% and a negative return on equity of 15.42%. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. On average, analysts forecast that Airgain, Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Airgain

Several institutional investors and hedge funds have recently bought and sold shares of AIRG. XTX Topco Ltd bought a new position in Airgain during the 4th quarter worth approximately $44,000. Susquehanna International Group LLP bought a new stake in shares of Airgain in the 3rd quarter valued at approximately $91,000. Citadel Advisors LLC increased its holdings in shares of Airgain by 270.1% in 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. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Airgain during the 4th quarter valued at approximately $934,000. Finally, Renaissance Technologies LLC lifted its stake in Airgain by 4.6% during the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after purchasing an additional 14,700 shares during the last quarter. Institutional investors and hedge funds own 52.76% of the company’s stock.

Analysts Set New Price Targets

AIRG has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a report on Monday, April 20th. Lake Street Capital started coverage on Airgain in a research report on Wednesday, January 21st. They set a “buy” rating and a $6.00 target price on the stock. Northland Securities set a $8.50 price target on Airgain in a research note on Thursday, May 7th. Wall Street Zen raised Airgain from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Craig Hallum restated a “buy” rating and set a $9.00 price objective on shares of Airgain in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Airgain currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

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.