Insider Buying: Airgain (NASDAQ:AIRG) Director Purchases $35,741.61 in Stock

Key Points

• Airgain director James Sims purchased 6,731 shares for $35,741.61, increasing his direct ownership by 1.52% to 449,464 shares.
• AIRG shares were trading at $5.02, below their 50-day and 200-day moving averages, with a 52-week range of $3.00 to $7.66. The company reported quarterly revenue of $13.70 million and EPS of $0.02.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $7.70, while institutional investors own 52.76% of the company.

Airgain, Inc. (NASDAQ:AIRG - Get Free Report) Director James Sims acquired 6,731 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was bought at an average cost of $5.31 per share, for a total transaction of $35,741.61. Following the purchase, the director directly owned 449,464 shares of the company's stock, valued at approximately $2,386,653.84. This trade represents a 1.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Airgain Stock Performance

Shares of NASDAQ:AIRG remained flat at $5.02 during mid-day trading on Wednesday. The company had a trading volume of 23,260 shares, compared to its average volume of 82,138. The stock's 50 day simple moving average is $5.74 and its 200 day simple moving average is $5.86. The company has a market capitalization of $65.76 million, a price-to-earnings ratio of -8.96 and a beta of 0.91. Airgain, Inc. has a 52 week low of $3.00 and a 52 week high of $7.66.

Airgain (NASDAQ:AIRG - Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. The company 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, analysts forecast that Airgain, Inc. will post -0.19 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Craig Hallum restated a "buy" rating and set a $9.00 target price on shares of Airgain in a research note on Thursday, May 7th. Wall Street Zen lowered Airgain from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. Weiss Ratings raised Airgain from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, July 23rd. Northland Securities set a $8.50 price objective on Airgain in a research report on Thursday, May 7th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $9.00 price objective on shares of Airgain in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.

Hedge Funds Weigh In On Airgain

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nano Cap New Millennium Growth Fund L P purchased a new position in Airgain during the fourth quarter valued at $934,000. Citadel Advisors LLC lifted its stake in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company's stock worth $118,000 after purchasing an additional 43,214 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Airgain during the 3rd quarter valued at about $91,000. XTX Topco Ltd bought a new position in shares of Airgain during the 4th quarter valued at about $44,000. Finally, Bank of America Corp DE purchased a new position in shares of Airgain during the second quarter valued at about $77,000. Institutional investors own 52.76% 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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