Airgain (NASDAQ:AIRG) CFO Sells $10,379.26 in Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 1,487 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $6.98, for a total transaction of $10,379.26. Following the completion of the sale, the chief financial officer owned 139,293 shares in the company, valued at $972,265.14. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, May 13th, Michael Elbaz sold 3,787 shares of Airgain stock. The stock was sold at an average price of $6.77, for a total value of $25,637.99.
• 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 value of $52,608.28.

Airgain Stock Performance

NASDAQ AIRG opened at $6.84 on Friday. The business has a 50 day simple moving average of $5.71 and a 200 day simple moving average of $4.78. Airgain, Inc. has a 52-week low of $3.00 and a 52-week high of $7.39. The stock has a market cap of $86.73 million, a price-to-earnings ratio of -12.44 and a beta of 0.90.

Airgain (NASDAQ:AIRG) last posted its earnings results on Wednesday, May 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.The business had revenue of $11.51 million during the quarter, compared to analysts’ expectations of $11.48 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. On average, analysts predict that Airgain, Inc. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Roth Mkm reissued a “buy” rating and set a $9.00 target price on shares of Airgain in a research note on Thursday, May 7th. Royal Bank Of Canada set a $6.00 target price on Airgain in a research note on Wednesday, January 21st. Craig Hallum reissued a “buy” rating and set a $9.00 target price on shares of Airgain in a research note on Thursday, May 7th. Northland Securities set a $8.50 target price on Airgain in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a research note on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Airgain currently has an average rating of “Moderate Buy” and an average target price of $7.70.

Hedge Funds Weigh In On Airgain

Several hedge funds have recently made changes to their positions in AIRG. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Airgain during the 4th quarter worth approximately $934,000. Citadel Advisors LLC grew its stake 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 in the last quarter. Susquehanna International Group LLP bought a new position in shares of Airgain during the 3rd quarter worth approximately $91,000. Renaissance Technologies LLC grew its stake in shares of Airgain by 4.6% during the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after acquiring an additional 14,700 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Airgain during the 4th quarter worth approximately $44,000. 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.