Insider Selling: Airgain (NASDAQ:AIRG) CFO Sells $52,608.28 in Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 12,769 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $4.12, for a total transaction of $52,608.28. Following the sale, the chief financial officer directly owned 140,780 shares of the company’s stock, valued at $580,013.60. The trade was a 8.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, January 20th, Michael Elbaz sold 4,587 shares of Airgain stock. The shares were sold at an average price of $4.00, for a total transaction of $18,348.00.

Airgain Trading Up 4.5%

Shares of NASDAQ:AIRG opened at $5.38 on Wednesday. The company has a 50-day moving average price of $4.56 and a 200-day moving average price of $4.26. The company has a market cap of $65.74 million, a price-to-earnings ratio of -10.15 and a beta of 0.93. Airgain, Inc. has a 12 month low of $3.00 and a 12 month high of $5.85.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Lake Street Capital initiated coverage on Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price objective for the company. Royal Bank Of Canada set a $6.00 target price on Airgain in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.20.

Airgain News Roundup

Here are the key news stories impacting Airgain this week:

• Positive Sentiment: Zacks flagged AIRG as a big mover on higher‑than‑average volume and cited upward earnings estimate momentum, supporting near‑term upside potential. Airgain (AIRG) Soars 8.0%: Is Further Upside Left in the Stock?
• Positive Sentiment: Company is linked in press coverage to a partnership with Myanmar Airways International aimed at improving pricing intelligence and market responsiveness — a customer win that could help commercial traction if confirmed. Myanmar Airways International Partners with AirGain
• Neutral Sentiment: There is a Business‑Standard item about Myanmar Airways selecting Rategain’s pricing platform; that article appears focused on Rategain rather than Airgain, suggesting possible misattribution or limited direct impact on AIRG. MAI selects Rategain’s pricing intelligence platform
• Neutral Sentiment: Short‑interest reports show 0 shares short (and report data appears inconsistent/erroneous), so there is no clear short‑pressure signal from published short‑interest figures. (Data likely a reporting glitch.)
• Negative Sentiment: Multiple senior executives sold stock this week — CEO Jacob Suen, CTO Ali Sadri and CFO Michael Elbaz executed multi‑thousand‑share sales (notable blocks on March 20 at ~$4.12 and follow‑on sales at ~$5.00). These sizable insider liquidations (multiple filings) can create negative sentiment and selling pressure even if some sales are planned or for diversification. CEO SEC Filing CTO SEC Filing CFO SEC Filing

Hedge Funds Weigh In On Airgain

A number of institutional investors have recently bought and sold shares of AIRG. Marathon Capital Management purchased a new stake in Airgain in the second quarter worth about $42,000. XTX Topco Ltd bought a new stake in Airgain during the 4th quarter valued at approximately $44,000. Susquehanna International Group LLP purchased a new position in shares of Airgain during the 3rd quarter worth approximately $91,000. Citadel Advisors LLC grew its holdings 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 acquiring an additional 43,214 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of 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 acquiring an additional 7,500 shares in the last quarter. 52.76% of the stock is owned by institutional investors.

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.