215,085 Shares in Airgain, Inc. $AIRG Purchased by BlackRock Inc.

Key Points

• BlackRock initiated a position in Airgain, purchasing 215,085 shares worth approximately $1.36 million, or 1.7% of the company. Institutional investors collectively own 52.76% of Airgain.
• Airgain reported quarterly revenue of $13.70 million, ahead of analyst estimates, and earnings of $0.02 per share. However, the company remains unprofitable, with a negative net margin of 13.65%.
• Analysts maintain a consensus “Moderate Buy” rating with a $7.70 target price, compared with the stock’s recent price of $5.25. Director James K. Sims also bought 8,269 shares, increasing his position by 1.84%.

BlackRock Inc. bought a new stake in shares of Airgain, Inc. (NASDAQ:AIRG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 215,085 shares of the technology company's stock, valued at approximately $1,355,000. BlackRock Inc. owned 1.70% of Airgain as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of AIRG. XTX Topco Ltd purchased a new stake in shares of Airgain in the 4th quarter worth approximately $44,000. Susquehanna International Group LLP purchased a new position in Airgain during the third quarter valued at approximately $91,000. Citadel Advisors LLC raised its stake in Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company's stock worth $118,000 after buying an additional 43,214 shares in the last quarter. Whitcomb & Hess Inc. raised its stake in Airgain by 36.0% in the second quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company's stock worth $357,000 after buying an additional 15,022 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in Airgain during the fourth quarter worth $934,000. Institutional investors own 52.76% of the company's stock.

Airgain Stock Performance

NASDAQ:AIRG opened at $5.25 on Monday. The company's 50-day simple moving average is $5.68 and its 200-day simple moving average is $5.86. Airgain, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.66. The stock has a market capitalization of $68.78 million, a P/E ratio of -9.37 and a beta of 0.93.

Airgain (NASDAQ:AIRG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.02 EPS for the quarter. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. The firm had revenue of $13.70 million during the quarter, compared to analyst estimates of $13.45 million. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. On average, research analysts forecast that Airgain, Inc. will post -0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

AIRG has been the topic of several recent research reports. Weiss Ratings raised Airgain from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, July 23rd. Wall Street Zen lowered Airgain from a "buy" rating to a "hold" rating in a research report on Saturday, May 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Airgain presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.70.

Insider Transactions at Airgain

In other Airgain news, Director James K. Sims purchased 8,269 shares of Airgain stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average cost of $5.11 per share, with a total value of $42,254.59. Following the completion of the transaction, the director owned 457,733 shares in the company, valued at approximately $2,339,015.63. This trade represents a 1.84% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.50% of the company's stock.

About Airgain

Airgain, Inc NASDAQ: AIRG is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company's product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.

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