Airgain (NASDAQ:AIRG) CFO Sells $25,637.99 in Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 3,787 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total value of $25,637.99. Following the sale, the chief financial officer owned 135,506 shares of the company’s stock, valued at $917,375.62. The trade was a 2.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, May 12th, Michael Elbaz sold 1,487 shares of Airgain stock. The stock was sold at an average price of $6.98, for a total value of $10,379.26.
• 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

Shares of NASDAQ:AIRG opened at $6.84 on Friday. Airgain, Inc. has a 1 year low of $3.00 and a 1 year high of $7.39. The stock has a market capitalization of $86.73 million, a P/E ratio of -12.44 and a beta of 0.90. The stock has a 50-day simple moving average of $5.71 and a 200-day simple moving average of $4.78.

Airgain (NASDAQ:AIRG) last issued 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. Analysts predict that Airgain, Inc. will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On Airgain

A number of institutional investors and hedge funds have recently bought and sold shares of AIRG. Citadel Advisors LLC raised its position in shares of Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after purchasing an additional 43,214 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Airgain in the 3rd quarter valued at approximately $91,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Airgain in the 4th quarter valued at approximately $934,000. XTX Topco Ltd acquired a new position in shares of Airgain in the 4th quarter valued at approximately $44,000. Finally, Renaissance Technologies LLC raised its position in shares of Airgain by 4.6% in the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after purchasing an additional 14,700 shares in the last quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Roth Mkm restated a “buy” rating and issued a $9.00 price target on shares of Airgain in a report on Thursday, May 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Airgain in a report on Monday, April 20th. Lake Street Capital assumed coverage on Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price target for the company. Northland Securities set a $8.50 price target on Airgain in a report on Thursday, May 7th. Finally, Craig Hallum restated a “buy” rating and issued a $9.00 price target on shares of Airgain in a report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Airgain presently has a consensus rating of “Moderate Buy” and an average price target of $7.70.

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.