Airgain (NASDAQ:AIRG) CFO Sells $19,231.80 in Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 4,820 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $3.99, for a total value of $19,231.80. Following the completion of the sale, the chief financial officer owned 137,693 shares of the company’s stock, valued at approximately $549,395.07. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Airgain Price Performance

Airgain stock traded down $0.04 during midday trading on Wednesday, hitting $4.06. 15,097 shares of the company were exchanged, compared to its average volume of 29,485. The company has a market cap of $48.55 million, a PE ratio of -7.00 and a beta of 0.85. Airgain, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $9.15. The company’s fifty day moving average price is $4.12 and its 200-day moving average price is $4.23.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Airgain had a negative net margin of 11.86% and a negative return on equity of 18.58%. The company had revenue of $14.02 million for the quarter, compared to analyst estimates of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. On average, analysts expect that Airgain, Inc. will post -0.53 EPS for the current fiscal year.

Analyst Ratings Changes

AIRG has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, October 8th. Craig Hallum reduced their price target on Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Finally, Northland Securities lowered their price objective on Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, November 17th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.33.

Institutional Trading of Airgain

Institutional investors and hedge funds have recently bought and sold shares of the company. Bard Associates Inc. grew its position in shares of Airgain by 2.6% during the first quarter. Bard Associates Inc. now owns 157,830 shares of the technology company’s stock worth $532,000 after acquiring an additional 4,000 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Airgain by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $167,000 after purchasing an additional 7,500 shares during the period. Marathon Capital Management bought a new position in Airgain in the 2nd quarter worth about $42,000. Susquehanna International Group LLP bought a new position in Airgain in the 3rd quarter worth about $91,000. Finally, Citadel Advisors LLC raised its holdings 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 valued at $118,000 after buying an additional 43,214 shares during the last quarter. Institutional investors and hedge funds own 52.76% of the company’s stock.

About Airgain

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.