Insider Selling: Airgain, Inc. (NASDAQ:AIRG) CFO Sells 6,777 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 6,777 shares of the 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 trade represents a 6.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Airgain Trading Up 1.1 %

Airgain stock opened at $8.58 on Friday. The stock has a market cap of $97.34 million, a P/E ratio of -7.53 and a beta of 0.69. The stock has a 50 day moving average of $8.75 and a 200-day moving average of $7.22. Airgain, Inc. has a 52 week low of $2.25 and a 52 week high of $10.34.

Hedge Funds Weigh In On Airgain

Large investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its stake in Airgain by 30.9% during the second quarter. First Eagle Investment Management LLC now owns 558,309 shares of the technology company’s stock worth $3,372,000 after purchasing an additional 131,675 shares during the last quarter. US Bancorp DE lifted its stake in Airgain by 3.7% during the third quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock worth $502,000 after purchasing an additional 2,400 shares during the last quarter. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 24,000 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Airgain by 0.8% during the second quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Airgain by 23.2% during the third quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock worth $841,000 after purchasing an additional 20,970 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Airgain Company Profile

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.