Insider Selling: Airgain (NASDAQ:AIRG) CTO Sells 4,733 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CTO Ali Sadri sold 4,733 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $4.00, for a total value of $18,932.00. Following the completion of the sale, the chief technology officer owned 127,030 shares in the company, valued at $508,120. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Ali Sadri also recently made the following trade(s):

• On Monday, November 24th, Ali Sadri sold 976 shares of Airgain stock. The stock was sold at an average price of $3.99, for a total transaction of $3,894.24.

Airgain Price Performance

Shares of AIRG traded up $0.06 during trading hours on Thursday, hitting $4.41. The company’s stock had a trading volume of 170,904 shares, compared to its average volume of 50,950. The business has a 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $4.21. Airgain, Inc. has a 52-week low of $3.00 and a 52-week high of $8.47. The company has a market cap of $52.74 million, a price-to-earnings ratio of -8.82 and a beta of 0.87.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Airgain had a negative net margin of 10.87% and a negative return on equity of 16.03%. The company had revenue of $14.02 million for the quarter, compared to analysts’ expectations of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. Research analysts predict that Airgain, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AIRG shares. Northland Securities decreased their price objective on Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, November 17th. Lake Street Capital began coverage on Airgain in a report on Wednesday. They set a “buy” rating and a $6.00 target price for the company. Craig Hallum decreased their price target on Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $6.00 price objective on shares of Airgain in a research note on Wednesday. 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 MarketBeat, Airgain presently has an average rating of “Moderate Buy” and an average price target of $6.20.

Institutional Trading of Airgain

Large investors have recently modified their holdings of the business. Susquehanna International Group LLP purchased a new position in shares of Airgain during the third quarter worth about $91,000. Citadel Advisors LLC lifted its position 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 last quarter. Farther Finance Advisors LLC grew its stake in Airgain by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after buying an additional 7,500 shares in the last quarter. Finally, Marathon Capital Management bought a new position in shares of Airgain in the 2nd quarter worth $42,000. Institutional investors own 52.76% of the company’s stock.

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.