Jacob Suen Sells 3,000 Shares of Airgain Inc (AIRG) Stock

Airgain Inc (NASDAQ:AIRG) President Jacob Suen sold 3,000 shares of Airgain stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $15.00, for a total transaction of $45,000.00. Following the sale, the president now owns 45,630 shares of the company’s stock, valued at approximately $684,450. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Thursday, April 11th, Jacob Suen sold 3,000 shares of Airgain stock. The shares were sold at an average price of $15.00, for a total transaction of $45,000.00.
  • On Tuesday, March 5th, Jacob Suen sold 8,000 shares of Airgain stock. The shares were sold at an average price of $14.00, for a total transaction of $112,000.00.
  • On Wednesday, February 27th, Jacob Suen sold 10,000 shares of Airgain stock. The shares were sold at an average price of $12.73, for a total transaction of $127,300.00.

NASDAQ AIRG traded down $0.12 during trading on Wednesday, reaching $14.88. 168,439 shares of the company’s stock traded hands, compared to its average volume of 103,379. The company has a market capitalization of $149.79 million, a price-to-earnings ratio of -55.11 and a beta of 1.83. Airgain Inc has a 12-month low of $7.85 and a 12-month high of $17.25.

Airgain (NASDAQ:AIRG) last posted its earnings results on Thursday, May 9th. The technology company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $15.10 million for the quarter, compared to analysts’ expectations of $15.04 million. Airgain had a negative net margin of 1.83% and a negative return on equity of 2.60%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the business posted ($0.07) EPS. As a group, equities research analysts expect that Airgain Inc will post 0.13 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of Airgain by 189.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 43,468 shares of the technology company’s stock worth $571,000 after buying an additional 28,427 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in shares of Airgain in the 4th quarter worth approximately $957,000. Vanguard Group Inc grew its position in shares of Airgain by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 340,094 shares of the technology company’s stock worth $4,469,000 after buying an additional 1,900 shares during the last quarter. Perkins Capital Management Inc. grew its position in shares of Airgain by 1.4% in the 1st quarter. Perkins Capital Management Inc. now owns 93,800 shares of the technology company’s stock worth $1,203,000 after buying an additional 1,250 shares during the last quarter. Finally, Worth Venture Partners LLC grew its position in shares of Airgain by 35.9% in the 4th quarter. Worth Venture Partners LLC now owns 145,111 shares of the technology company’s stock worth $1,436,000 after buying an additional 38,296 shares during the last quarter. 35.35% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on AIRG. B. Riley raised their target price on shares of Airgain from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Zacks Investment Research raised shares of Airgain from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Friday, February 15th. Finally, Northland Securities reissued a “buy” rating and set a $17.00 target price on shares of Airgain in a research report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Airgain has a consensus rating of “Buy” and an average price target of $18.25.

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Airgain Company Profile

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; OmniMax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.

Further Reading: Diluted Earnings Per Share

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