Nano Cap New Millennium Growth Fund L P Purchases New Holdings in Airgain, Inc. $AIRG

Nano Cap New Millennium Growth Fund L P purchased a new stake in Airgain, Inc. (NASDAQ:AIRG) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 230,000 shares of the technology company’s stock, valued at approximately $934,000.

Separately, Citadel Advisors LLC boosted its stake in shares of Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after buying an additional 43,214 shares during the period. Institutional investors own 52.76% of the company’s stock.

Airgain Price Performance

NASDAQ AIRG opened at $6.86 on Friday. The business has a fifty day moving average price of $5.93 and a two-hundred day moving average price of $4.86. Airgain, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.39. The stock has a market capitalization of $86.98 million, a PE ratio of -12.47 and a beta of 0.90.

Airgain (NASDAQ:AIRG) last released its earnings results on Wednesday, May 6th. The technology company reported ($0.08) earnings per share for the quarter, hitting 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 analysts’ expectations of $11.48 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. As a group, sell-side analysts expect that Airgain, Inc. will post -0.22 earnings per share for the current year.

Insiders Place Their Bets

In other Airgain news, CTO Ali Sadri sold 13,638 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $4.12, for a total transaction of $56,188.56. Following the completion of the sale, the chief technology officer directly owned 126,263 shares in the company, valued at $520,203.56. This represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Elbaz sold 3,787 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total value of $25,637.99. Following the sale, the chief financial officer owned 135,506 shares of the company’s stock, valued at $917,375.62. The trade was a 2.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 83,500 shares of company stock worth $377,585 over the last three months. Insiders own 17.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AIRG shares. Weiss Ratings cut Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Northland Securities set a $8.50 price target on Airgain in a research note on Thursday, May 7th. Roth Mkm reiterated a “buy” rating and issued a $9.00 price target on shares of Airgain in a research note on Thursday, May 7th. Craig Hallum reiterated a “buy” rating and issued a $9.00 price target on shares of Airgain in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded Airgain from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.