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

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

Airgain Stock Performance

AIRG opened at $8.58 on Friday. The firm has a 50 day moving average price of $8.75 and a 200 day moving average price of $7.22. The company has a market cap of $97.34 million, a PE ratio of -7.53 and a beta of 0.69. Airgain, Inc. has a 1 year low of $2.25 and a 1 year high of $10.34.

Analyst Ratings Changes

A number of research analysts have recently commented on AIRG shares. Craig Hallum upped their price objective on shares of Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Northland Securities reissued an “outperform” rating and set a $11.50 target price (up previously from $8.00) on shares of Airgain in a research report on Wednesday, November 13th.

Institutional Trading of Airgain

A number of institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE boosted its holdings in Airgain by 3.7% in the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock worth $502,000 after acquiring an additional 2,400 shares during the period. Renaissance Technologies LLC boosted its holdings in Airgain by 0.8% in the 2nd quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after acquiring an additional 2,800 shares during the period. 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 acquiring an additional 20,970 shares during the period. Farther Finance Advisors LLC boosted its holdings in Airgain by 195.5% in the 3rd 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. Finally, First Eagle Investment Management LLC boosted its holdings in Airgain by 30.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 558,309 shares of the technology company’s stock worth $3,372,000 after acquiring an additional 131,675 shares during the period. 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.