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

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 6,777 shares of Airgain stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $9.09, for a total value of $61,602.93. Following the sale, the chief financial officer now directly owns 102,794 shares of the company’s stock, valued at approximately $934,397.46. The trade was a 6.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Airgain Trading Down 0.3 %

Airgain stock opened at $9.00 on Wednesday. The company has a market capitalization of $102.15 million, a PE ratio of -7.89 and a beta of 0.69. Airgain, Inc. has a 12 month low of $2.25 and a 12 month high of $10.34. The stock has a 50-day moving average price of $8.67 and a two-hundred day moving average price of $7.18.

Hedge Funds Weigh In On Airgain

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Northland Securities reaffirmed an “outperform” rating and issued a $11.50 price objective (up from $8.00) on shares of Airgain in a report on Wednesday, November 13th. Craig Hallum lifted their price objective on Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

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.