Insider Selling: Airgain (NASDAQ:AIRG) CEO Sells 4,573 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 4,573 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $6.51, for a total value of $29,770.23. Following the transaction, the chief executive officer directly owned 281,431 shares of the company’s stock, valued at $1,832,115.81. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, May 1st, Jacob Suen sold 1,000 shares of Airgain stock. The stock was sold at an average price of $7.03, for a total value of $7,030.00.
• On Wednesday, April 1st, Jacob Suen sold 1,000 shares of Airgain stock. The stock was sold at an average price of $5.51, for a total value of $5,510.00.
• On Monday, March 23rd, Jacob Suen sold 1,000 shares of Airgain stock. The stock was sold at an average price of $5.00, for a total value of $5,000.00.
• On Friday, March 20th, Jacob Suen sold 37,314 shares of Airgain stock. The stock was sold at an average price of $4.12, for a total transaction of $153,733.68.
• On Wednesday, March 4th, Jacob Suen sold 3,704 shares of Airgain stock. The shares were sold at an average price of $4.16, for a total value of $15,408.64.

Airgain Stock Performance

Shares of AIRG traded down $0.11 during mid-day trading on Friday, reaching $6.88. The company had a trading volume of 54,293 shares, compared to its average volume of 81,815. Airgain, Inc. has a 1-year low of $3.00 and a 1-year high of $7.39. The company has a market capitalization of $87.23 million, a price-to-earnings ratio of -12.51 and a beta of 0.90. The company’s 50 day simple moving average is $5.66 and its 200 day simple moving average is $4.77.

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

Institutional Investors Weigh In On Airgain

Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its position in Airgain by 4.6% during the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after buying an additional 14,700 shares during the period. XTX Topco Ltd purchased a new stake in Airgain during the fourth quarter valued at $44,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Airgain during the fourth quarter valued at $934,000. Susquehanna International Group LLP bought a new stake in Airgain during the third quarter valued at about $91,000. Finally, Citadel Advisors LLC grew its holdings in Airgain by 270.1% during the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after purchasing an additional 43,214 shares during the period. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Lake Street Capital assumed coverage on Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 target price for the company. Royal Bank Of Canada set a $6.00 target price on Airgain in a research report on Wednesday, January 21st. Wall Street Zen raised Airgain from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Roth Mkm reissued a “buy” rating and issued a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th. Finally, Northland Securities set a $8.50 price target on Airgain in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

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.