Airgain Inc (AIRG) CEO Sells $150,000.00 in Stock

Airgain Inc (NASDAQ:AIRG) CEO Charles A. Myers sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Airgain Inc (AIRG) traded up $1.01 during mid-day trading on Friday, reaching $10.94. 307,625 shares of the company’s stock traded hands, compared to its average volume of 71,259. The company has a quick ratio of 4.95, a current ratio of 5.02 and a debt-to-equity ratio of 0.01. The firm has a market cap of $104.79 and a P/E ratio of 64.35. Airgain Inc has a 52-week low of $7.31 and a 52-week high of $18.20.

Airgain (NASDAQ:AIRG) last announced its earnings results on Thursday, November 9th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Airgain had a net margin of 3.34% and a return on equity of 5.95%. sell-side analysts forecast that Airgain Inc will post 0.07 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services Inc acquired a new stake in Airgain during the 3rd quarter worth approximately $118,000. Menta Capital LLC acquired a new stake in shares of Airgain in the second quarter valued at approximately $251,000. Worth Venture Partners LLC raised its holdings in shares of Airgain by 56.8% in the second quarter. Worth Venture Partners LLC now owns 62,534 shares of the technology company’s stock valued at $887,000 after purchasing an additional 22,653 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of Airgain in the third quarter valued at approximately $1,351,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Airgain by 24.3% in the second quarter. Bank of New York Mellon Corp now owns 182,209 shares of the technology company’s stock valued at $2,584,000 after purchasing an additional 35,639 shares during the last quarter. Hedge funds and other institutional investors own 24.50% of the company’s stock.

AIRG has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Airgain from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. B. Riley dropped their target price on shares of Airgain from $12.50 to $10.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Finally, Northland Securities restated a “buy” rating and set a $15.00 target price on shares of Airgain in a report on Friday, November 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.10.

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Airgain Company Profile

Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.

Insider Buying and Selling by Quarter for Airgain (NASDAQ:AIRG)

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