Perkins Capital Management Inc. Has $123,000 Stock Position in Airgain, Inc. (NASDAQ:AIRG)

Key Points

• Perkins Capital Management Inc. significantly reduced its holdings in Airgain, Inc. by 77.4%, selling 124,875 shares and now owning 36,500 shares valued at approximately $123,000.
• Airgain's stock performance shows a market cap of $59.42 million with a P/E ratio of -7.30, and it has a 52-week low of $3.17 and a high of $10.34.
• Analysts have recently downgraded their price targets for Airgain, with Craig Hallum and Roth Capital both setting new targets of $7.00, while Wall Street Zen initiated coverage with a "hold" rating.

Perkins Capital Management Inc. trimmed its stake in shares of Airgain, Inc. (NASDAQ:AIRG - Free Report) by 77.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,500 shares of the technology company's stock after selling 124,875 shares during the period. Perkins Capital Management Inc. owned about 0.31% of Airgain worth $123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Airgain in the 4th quarter valued at approximately $73,000. Arrowstreet Capital Limited Partnership bought a new position in Airgain in the fourth quarter valued at approximately $107,000. Renaissance Technologies LLC grew its stake in Airgain by 10.8% in the fourth quarter. Renaissance Technologies LLC now owns 404,036 shares of the technology company's stock valued at $2,852,000 after purchasing an additional 39,436 shares in the last quarter. Marshall Wace LLP bought a new position in Airgain in the fourth quarter valued at approximately $75,000. Finally, Dimensional Fund Advisors LP grew its stake in Airgain by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 105,954 shares of the technology company's stock valued at $748,000 after purchasing an additional 12,000 shares in the last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on AIRG shares. Wall Street Zen started coverage on Airgain in a research note on Tuesday, May 20th. They issued a "hold" rating for the company. Roth Capital decreased their price target on Airgain from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Friday, July 18th. Finally, Craig Hallum decreased their target price on Airgain from $9.00 to $7.00 and set a "buy" rating on the stock in a report on Thursday, May 8th.

Insider Transactions at Airgain

In related news, Director Arthur M. Toscanini sold 6,912 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $4.01, for a total value of $27,717.12. Following the completion of the sale, the director directly owned 89,956 shares in the company, valued at $360,723.56. The trade was a 7.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 23,402 shares of company stock valued at $96,671. Insiders own 17.80% of the company's stock.

Airgain Stock Performance

AIRG traded down $0.14 during trading hours on Thursday, reaching $4.57. The company's stock had a trading volume of 15,568 shares, compared to its average volume of 24,365. Airgain, Inc. has a 52 week low of $3.17 and a 52 week high of $10.34. The company's 50-day moving average is $4.28 and its 200-day moving average is $4.84. The firm has a market cap of $53.90 million, a PE ratio of -6.62 and a beta of 0.85.

Airgain 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.