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

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 3,704 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $4.16, for a total value of $15,408.64. Following the sale, the chief executive officer directly owned 282,931 shares of the company’s stock, valued at $1,176,992.96. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 shares were 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 stock was sold at an average price of $5.01, for a total value 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

Shares of AIRG opened at $4.13 on Friday. Airgain, Inc. has a 1 year low of $3.00 and a 1 year high of $5.85. The stock has a market capitalization of $50.47 million, a P/E ratio of -7.79 and a beta of 0.93. The company’s fifty day moving average is $4.50 and its two-hundred day moving average is $4.26.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Marathon Capital Management purchased a new stake in shares of Airgain in the 2nd quarter worth about $42,000. XTX Topco Ltd acquired a new position in Airgain during the fourth quarter worth about $44,000. Susquehanna International Group LLP purchased a new stake in shares of Airgain in the third quarter valued at about $91,000. Citadel Advisors LLC grew its position 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 purchasing an additional 43,214 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Airgain by 24.2% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Analyst Upgrades and Downgrades

AIRG has been the topic of a number of analyst reports. Royal Bank Of Canada set a $6.00 price objective on Airgain in a report on Wednesday, January 21st. Lake Street Capital initiated coverage on Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price target for the company. Northland Securities decreased their price target on Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a report on Wednesday, January 21st. Finally, Craig Hallum reduced their target price on Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Airgain has an average rating of “Moderate Buy” and an average price target of $6.20.

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.