Airgain, Inc. (NASDAQ:AIRG) CFO Sells $61,602.93 in Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 6,777 shares of Airgain stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $9.09, for a total value of $61,602.93. Following the transaction, the chief financial officer now owns 102,794 shares of the company’s stock, valued at approximately $934,397.46. This represents a 6.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Airgain Trading Down 0.3 %

AIRG traded down $0.03 during trading on Tuesday, hitting $9.00. The company’s stock had a trading volume of 27,369 shares, compared to its average volume of 32,145. The firm has a market capitalization of $102.15 million, a price-to-earnings ratio of -7.92 and a beta of 0.69. Airgain, Inc. has a twelve month low of $2.25 and a twelve month high of $10.34. The business’s fifty day simple moving average is $8.67 and its 200 day simple moving average is $7.18.

Wall Street Analysts Forecast Growth

AIRG has been the subject of several recent research reports. Craig Hallum lifted their target price on shares of Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Northland Securities reaffirmed an “outperform” rating and issued a $11.50 price objective (up previously from $8.00) on shares of Airgain in a report on Wednesday, November 13th.

Institutional Investors Weigh In On Airgain

A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in Airgain by 195.5% during the third quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock worth $274,000 after acquiring an additional 24,000 shares during the period. US Bancorp DE lifted its stake in Airgain by 3.7% in the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock valued at $502,000 after buying an additional 2,400 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Airgain by 23.2% in the 3rd quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock worth $841,000 after buying an additional 20,970 shares during the last quarter. Renaissance Technologies LLC increased its stake in Airgain by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after buying an additional 2,800 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Airgain by 30.9% during the second quarter. First Eagle Investment Management LLC now owns 558,309 shares of the technology company’s stock valued at $3,372,000 after acquiring an additional 131,675 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.