Airgain (NASDAQ:AIRG) CEO Jacob Suen Sells 37,314 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CEO Jacob Suen sold 37,314 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $4.12, for a total value of $153,733.68. Following the sale, the chief executive officer owned 284,431 shares of the company’s stock, valued at $1,171,855.72. The trade was a 11.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, March 23rd, Jacob Suen sold 1,000 shares of Airgain stock. The shares were sold at an average price of $5.00, for a total transaction of $5,000.00.
• On Wednesday, March 4th, Jacob Suen sold 3,704 shares of Airgain stock. The shares were sold at an average price of $4.16, for a total transaction of $15,408.64.
• 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 transaction 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 transaction of $30,621.12.
• On Tuesday, January 20th, Jacob Suen sold 15,993 shares of Airgain stock. The stock was sold at an average price of $4.00, for a total transaction of $63,972.00.

Airgain Stock Performance

Shares of AIRG stock opened at $5.38 on Thursday. The company’s fifty day simple moving average is $4.59 and its 200-day simple moving average is $4.26. Airgain, Inc. has a 52 week low of $3.00 and a 52 week high of $5.85. The company has a market cap of $65.74 million, a PE ratio of -10.15 and a beta of 0.93.

Analyst Ratings Changes

AIRG has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. Lake Street Capital initiated coverage on Airgain in a report on Wednesday, January 21st. They set a “buy” rating and a $6.00 target price on the stock. Finally, Royal Bank Of Canada set a $6.00 price target on Airgain in a research report 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 a consensus rating of “Moderate Buy” and a consensus price target of $6.20.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Marathon Capital Management acquired a new position in Airgain during the 2nd quarter worth $42,000. XTX Topco Ltd acquired a new stake in shares of Airgain in the 4th quarter valued at about $44,000. Susquehanna International Group LLP bought a new position in shares of Airgain during the third quarter worth about $91,000. Citadel Advisors LLC lifted its position in shares of Airgain by 270.1% during the third 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 during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Airgain by 24.2% in 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 in the last quarter. 52.76% of the stock is currently owned by institutional investors.

Key Stories Impacting Airgain

Here are the key news stories impacting Airgain this week:

• Positive Sentiment: Zacks highlighted Airgain as a big mover on higher-than-average volume and noted a favorable trend in earnings-estimate revisions, which can attract momentum traders and lift the stock short-term. Airgain (AIRG) Soars 8.0%: Is Further Upside Left in the Stock?
• Positive Sentiment: Airgain announced a partnership with Myanmar Airways International to strengthen pricing intelligence and market responsiveness — a commercial win that supports revenue growth and commercial validation. Myanmar Airways International Partners with AirGain
• Neutral Sentiment: Short-interest reports in late March show 0 shares reported shorted (and contain data anomalies like NaN), so short-interest signals are currently unreliable as a sentiment gauge for AIRG.
• Negative Sentiment: CEO Jacob Suen sold 37,314 shares on March 20 at an average price of $4.12 (disclosed to the SEC), reducing his stake by ~11.6% — a sizable insider sale that can be perceived negatively by investors. CEO Jacob Suen sale filing
• Negative Sentiment: CTO Ali Sadri completed larger and smaller sell-offs (13,638 shares on Mar 20 at $4.12 and 1,000 shares on Mar 23 at $5.00), reducing his holdings noticeably — another insider outflow. CTO Ali Sadri sale filing(s)
• Negative Sentiment: CFO Michael Elbaz sold 12,769 shares on Mar 20 at $4.12 (SEC filing), trimming his stake by ~8.3% — additional insider selling that may weigh on investor sentiment. CFO Michael Elbaz sale filing

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.