Airgain, Inc. (NASDAQ:AIRG) Director Sells $12,722.56 in Stock

Airgain, Inc. (NASDAQ:AIRG) Director Arthur M. Toscanini sold 3,088 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $4.12, for a total transaction of $12,722.56. Following the completion of the sale, the director now directly owns 89,956 shares in the company, valued at approximately $370,618.72. This trade represents a 3.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Airgain Trading Down 1.7%

Shares of NASDAQ:AIRG opened at $4.12 on Tuesday. The company has a 50 day moving average of $3.87 and a 200 day moving average of $6.23. The stock has a market cap of $48.59 million, a P/E ratio of -3.61 and a beta of 0.87. Airgain, Inc. has a 12 month low of $3.17 and a 12 month high of $10.34.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings data on Thursday, February 27th. The technology company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $15.08 million for the quarter, compared to analysts’ expectations of $16.35 million. Airgain had a negative net margin of 21.96% and a negative return on equity of 29.90%. On average, equities analysts forecast that Airgain, Inc. will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airgain

Several hedge funds have recently bought and sold shares of AIRG. Virtu Financial LLC purchased a new position in Airgain in the 4th quarter worth approximately $73,000. Marshall Wace LLP purchased a new position in Airgain in the 4th quarter worth approximately $75,000. Arrowstreet Capital Limited Partnership purchased a new position in Airgain in the 4th quarter worth approximately $107,000. Essex Investment Management Co. LLC purchased a new position in Airgain in the 4th quarter worth approximately $145,000. Finally, Jane Street Group LLC purchased a new position in Airgain in the 4th quarter worth approximately $192,000. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AIRG. Craig Hallum lowered their price target on shares of Airgain from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. StockNews.com started coverage on shares of Airgain in a research note on Tuesday. They set a “hold” rating for the company.

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.