Michael Elbaz Sells 3,787 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 3,787 shares of Airgain stock in a transaction dated 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 directly owned 135,506 shares of the company’s stock, valued at approximately $917,375.62. This trade represents a 2.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, May 12th, Michael Elbaz sold 1,487 shares of Airgain stock. The stock was sold at an average price of $6.98, for a total value of $10,379.26.
• On Friday, March 20th, Michael Elbaz sold 12,769 shares of Airgain stock. The stock was sold at an average price of $4.12, for a total transaction of $52,608.28.

Airgain Trading Up 1.7%

Shares of AIRG stock traded up $0.11 during trading hours on Thursday, hitting $6.76. 49,475 shares of the company’s stock were exchanged, compared to its average volume of 81,573. The company has a market capitalization of $85.69 million, a PE ratio of -12.25 and a beta of 0.90. Airgain, Inc. has a 12-month low of $3.00 and a 12-month high of $7.39. The business’s 50 day simple moving average is $5.60 and its 200-day simple moving average is $4.75.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The firm had revenue of $11.51 million for 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. Equities analysts anticipate that Airgain, Inc. will post -0.18 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AIRG. Royal Bank Of Canada set a $6.00 price objective on Airgain in a research note on Wednesday, January 21st. Lake Street Capital began coverage on Airgain in a research note on Wednesday, January 21st. They set a “buy” rating and a $6.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a research note on Monday, April 20th. Northland Securities set a $8.50 price objective on Airgain in a research note on Thursday, May 7th. Finally, Craig Hallum reissued 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.70.

Hedge Funds Weigh In On Airgain

Several hedge funds have recently made changes to their positions in AIRG. Citadel Advisors LLC boosted its stake in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after purchasing an additional 43,214 shares in the last quarter. Susquehanna International Group LLP bought a new position in Airgain in the 3rd quarter worth about $91,000. Nano Cap New Millennium Growth Fund L P bought a new position in Airgain in the 4th quarter worth about $934,000. Finally, XTX Topco Ltd bought a new position in Airgain in the 4th quarter worth about $44,000. 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.