Michael Elbaz Sells 12,769 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 12,769 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $4.12, for a total value of $52,608.28. Following the completion of the sale, the chief financial officer directly owned 140,780 shares of the company’s stock, valued at $580,013.60. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, January 20th, Michael Elbaz sold 4,587 shares of Airgain stock. The shares were sold at an average price of $4.00, for a total value of $18,348.00.

Airgain Price Performance

AIRG opened at $5.37 on Friday. Airgain, Inc. has a 1 year low of $3.00 and a 1 year high of $5.85. The company has a market capitalization of $65.62 million, a price-to-earnings ratio of -10.13 and a beta of 0.93. The firm’s fifty day moving average price is $4.61 and its two-hundred day moving average price is $4.27.

Hedge Funds Weigh In On Airgain

Institutional investors have recently added to or reduced their stakes in the stock. Nano Cap New Millennium Growth Fund L P bought a new position in Airgain during the fourth quarter valued at about $934,000. Farther Finance Advisors LLC raised its position in Airgain by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after acquiring an additional 7,500 shares during the period. Citadel Advisors LLC boosted its stake in Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after acquiring an additional 43,214 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Airgain in the third quarter valued at about $91,000. Finally, XTX Topco Ltd bought a new position in shares of Airgain during the 4th quarter valued at approximately $44,000. Institutional investors own 52.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada set a $6.00 price target on shares of Airgain in a report on Wednesday, January 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, January 21st. Finally, Lake Street Capital initiated coverage on Airgain in a research note on Wednesday, January 21st. They issued a “buy” rating and a $6.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.20.

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.