Airgain, Inc. (NASDAQ:AIRG) Director Arthur M. Toscanini Sells 6,912 Shares of Stock

Airgain, Inc. (NASDAQ:AIRG) Director Arthur M. Toscanini sold 6,912 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $4.01, for a total value of $27,717.12. Following the transaction, the director now directly owns 89,956 shares in the company, valued at $360,723.56. This trade represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Airgain Price Performance

NASDAQ AIRG opened at $4.12 on Tuesday. Airgain, Inc. has a 1 year low of $3.17 and a 1 year high of $10.34. The stock has a market capitalization of $48.59 million, a PE ratio of -3.61 and a beta of 0.87. The business’s 50-day moving average is $3.87 and its 200 day moving average is $6.23.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Thursday, February 27th. The technology company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. The business had revenue of $15.08 million during the quarter, compared to analysts’ expectations of $16.35 million. As a group, equities research analysts anticipate that Airgain, Inc. will post -0.53 earnings per share for the current year.

Institutional Trading of Airgain

Several large investors have recently bought and sold shares of the company. Bard Associates Inc. raised its position in shares of Airgain by 2.6% in the 1st quarter. Bard Associates Inc. now owns 157,830 shares of the technology company’s stock worth $532,000 after acquiring an additional 4,000 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Airgain by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 677,584 shares of the technology company’s stock worth $4,784,000 after purchasing an additional 3,283 shares during the period. Jane Street Group LLC purchased a new stake in Airgain in the fourth quarter worth $192,000. Northern Trust Corp raised its holdings in Airgain by 69.4% in the fourth quarter. Northern Trust Corp now owns 64,861 shares of the technology company’s stock worth $458,000 after purchasing an additional 26,573 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Airgain by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 105,954 shares of the technology company’s stock valued at $748,000 after buying an additional 12,000 shares during the period. 52.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AIRG has been the subject of several analyst reports. StockNews.com began coverage on Airgain in a report on Tuesday. They set a “hold” rating for the company. Craig Hallum dropped their price objective on Airgain from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, May 8th.

About Airgain

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.