Airgain (NASDAQ:AIRG) CEO Jacob Suen Sells 3,704 Shares

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 3,704 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $4.16, for a total value of $15,408.64. Following the completion of the transaction, the chief executive officer directly owned 282,931 shares in the company, valued at approximately $1,176,992.96. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, February 10th, Jacob Suen sold 888 shares of Airgain stock. The stock was sold at an average price of $5.07, for a total value of $4,502.16.
• On Monday, February 9th, Jacob Suen sold 6,112 shares of Airgain stock. The shares were sold at an average price of $5.01, for a total transaction of $30,621.12.
• On Tuesday, January 20th, Jacob Suen sold 15,993 shares of Airgain stock. The shares were sold at an average price of $4.00, for a total transaction of $63,972.00.

Airgain Stock Performance

NASDAQ:AIRG traded up $0.03 during mid-day trading on Friday, reaching $4.13. 118,017 shares of the company’s stock were exchanged, compared to its average volume of 63,847. Airgain, Inc. has a one year low of $3.00 and a one year high of $5.85. The business’s fifty day simple moving average is $4.50 and its two-hundred day simple moving average is $4.26. The firm has a market capitalization of $50.47 million, a PE ratio of -7.79 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted 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 purchasing an additional 7,500 shares during the last quarter. Marathon Capital Management bought a new position in shares of Airgain in the 2nd quarter valued at $42,000. XTX Topco Ltd acquired a new position in shares of Airgain during the 4th quarter worth $44,000. Susquehanna International Group LLP acquired a new position in shares of Airgain during the 3rd quarter worth $91,000. Finally, Citadel Advisors LLC lifted its position 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 worth $118,000 after buying an additional 43,214 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AIRG has been the subject of several recent research reports. Craig Hallum cut 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. Lake Street Capital started coverage on Airgain in a research note on Wednesday, January 21st. They set a “buy” rating and a $6.00 price objective on the stock. Northland Securities dropped their price objective on Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, November 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada set a $6.00 price target on Airgain in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Airgain currently has an average rating of “Moderate Buy” and a consensus 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.