Airgain (NASDAQ:AIRG – Free Report) had its price objective decreased by Craig Hallum from $9.00 to $7.00 in a report issued on Thursday,Benzinga reports. Craig Hallum currently has a buy rating on the technology company’s stock.
Separately, StockNews.com initiated coverage on Airgain in a research report on Sunday, May 4th. They issued a “hold” rating on the stock.
Read Our Latest Report on AIRG
Airgain Stock Down 2.0 %
Airgain (NASDAQ:AIRG – Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). Airgain had a negative net margin of 21.96% and a negative return on equity of 29.90%. The company had revenue of $15.08 million during the quarter, compared to the consensus estimate of $16.35 million. Equities analysts expect that Airgain will post -0.53 EPS for the current year.
Insider Buying and Selling
In related news, CEO Jacob Suen sold 6,982 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $4.16, for a total value of $29,045.12. Following the sale, the chief executive officer now directly owns 305,546 shares of the company’s stock, valued at $1,271,071.36. This trade represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 19,195 shares of company stock worth $88,255. Corporate insiders own 16.10% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its holdings in shares of Airgain by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 677,584 shares of the technology company’s stock valued at $4,784,000 after purchasing an additional 3,283 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Airgain during the fourth quarter worth $192,000. Northern Trust Corp grew its stake in shares of Airgain by 69.4% during the fourth quarter. Northern Trust Corp now owns 64,861 shares of the technology company’s stock worth $458,000 after buying an additional 26,573 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Airgain by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 105,954 shares of the technology company’s stock worth $748,000 after buying an additional 12,000 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Airgain in the 4th quarter valued at $75,000. Institutional investors and hedge funds own 52.76% of the company’s stock.
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.
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