Jacob Suen Sells 6,982 Shares of Airgain, Inc. (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG - Get Free Report) CEO Jacob Suen sold 6,982 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $4.16, for a total value of $29,045.12. Following the completion of the transaction, the chief executive officer now owns 305,546 shares in the company, valued at $1,271,071.36. The trade was a 2.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, March 13th, Jacob Suen sold 120 shares of Airgain stock. The stock was sold at an average price of $4.66, for a total transaction of $559.20.
• On Friday, March 7th, Jacob Suen sold 12,093 shares of Airgain stock. The stock was sold at an average price of $4.85, for a total transaction of $58,651.05.

Airgain Trading Down 3.9 %

NASDAQ AIRG traded down $0.16 during trading on Friday, hitting $3.99. 22,995 shares of the company's stock were exchanged, compared to its average volume of 33,746. The company has a market cap of $46.12 million, a PE ratio of -3.50 and a beta of 0.67. Airgain, Inc. has a fifty-two week low of $3.87 and a fifty-two week high of $10.34. The stock's 50 day moving average price is $6.33 and its two-hundred day moving average price is $7.60.

Airgain (NASDAQ:AIRG - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.14). The company had revenue of $15.08 million for the quarter, compared to analyst estimates of $16.35 million. Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. Analysts forecast that Airgain, Inc. will post -0.53 earnings per share for the current fiscal year.

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Analyst Ratings Changes

Separately, Craig Hallum cut their target price on Airgain from $12.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, February 28th.

Hedge Funds Weigh In On Airgain

Several large investors have recently bought and sold shares of AIRG. Geode Capital Management LLC increased its stake in shares of Airgain by 23.2% in the third quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company's stock valued at $841,000 after buying an additional 20,970 shares during the period. Essex Investment Management Co. LLC acquired a new position in Airgain in the 4th quarter valued at approximately $145,000. Farther Finance Advisors LLC raised its stake in shares of Airgain by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 43,277 shares of the technology company's stock valued at $306,000 after acquiring an additional 7,000 shares during the last quarter. Bailard Inc. acquired a new position in shares of Airgain during the fourth quarter worth $235,000. Finally, Jane Street Group LLC bought a new stake in shares of Airgain in the fourth quarter worth $192,000. 52.76% of the stock is currently owned by institutional investors.

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.