Michael Elbaz Sells 6,777 Shares of Airgain, Inc. (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRGGet Free Report) CFO Michael Elbaz sold 6,777 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $9.09, for a total value of $61,602.93. Following the completion of the sale, the chief financial officer now owns 102,794 shares of the company’s stock, valued at approximately $934,397.46. This trade represents a 6.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Airgain Stock Performance

AIRG stock opened at $8.49 on Thursday. The firm has a 50 day simple moving average of $8.70 and a 200 day simple moving average of $7.20. Airgain, Inc. has a 52 week low of $2.25 and a 52 week high of $10.34. The stock has a market cap of $96.36 million, a P/E ratio of -7.89 and a beta of 0.69.

Hedge Funds Weigh In On Airgain

A number of hedge funds have recently modified their holdings of the stock. First Eagle Investment Management LLC boosted its position in Airgain by 30.9% during the second quarter. First Eagle Investment Management LLC now owns 558,309 shares of the technology company’s stock valued at $3,372,000 after purchasing an additional 131,675 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Airgain by 0.8% in the second quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after buying an additional 2,800 shares during the last quarter. Geode Capital Management LLC increased its holdings in Airgain by 23.2% in the third quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock worth $841,000 after buying an additional 20,970 shares during the last quarter. US Bancorp DE increased its stake in shares of Airgain by 3.7% during the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock worth $502,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Airgain by 195.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock valued at $274,000 after purchasing an additional 24,000 shares in the last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AIRG has been the subject of several recent research reports. Craig Hallum increased their target price on shares of Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Northland Securities restated an “outperform” rating and issued a $11.50 target price (up previously from $8.00) on shares of Airgain in a report on Wednesday, November 13th.

Read Our Latest Stock Report on AIRG

Airgain Company Profile

(Get Free Report)

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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