Insider Buying: Airgain (NASDAQ:AIRG) Director Purchases $42,254.59 in Stock

Key Points

• Airgain Director James Sims purchased 8,269 shares at $5.11 each, investing $42,254.59 and increasing his position by 1.84% to 457,733 shares.
• AIRG was trading at $5.02, with a $65.76 million market capitalization; its shares remain below both the 50-day and 200-day moving averages.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $7.70, while Airgain reported $13.70 million in quarterly revenue and $0.02 in EPS.

Airgain, Inc. (NASDAQ:AIRG - Get Free Report) Director James Sims acquired 8,269 shares of the stock in a transaction dated Tuesday, September 1st. The shares were bought at an average cost of $5.11 per share, for a total transaction of $42,254.59. Following the acquisition, the director owned 457,733 shares in the company, valued at $2,339,015.63. The trade was a 1.84% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Airgain Stock Performance

AIRG remained flat at $5.02 on Wednesday. The company had a trading volume of 23,260 shares, compared to its average volume of 82,138. The stock's fifty day simple moving average is $5.74 and its two-hundred day simple moving average is $5.86. Airgain, Inc. has a 12-month low of $3.00 and a 12-month high of $7.66. The company has a market capitalization of $65.76 million, a PE ratio of -8.96 and a beta of 0.91.

Airgain (NASDAQ:AIRG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.02 EPS for the quarter. Airgain had a negative return on equity of 13.72% and a negative net margin of 13.65%.The company had revenue of $13.70 million for the quarter, compared to the consensus estimate of $13.45 million. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. Analysts expect that Airgain, Inc. will post -0.19 earnings per share for the current fiscal year.

Institutional Trading of Airgain

A number of institutional investors and hedge funds have recently modified their holdings of AIRG. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Airgain in the fourth quarter valued at $934,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Airgain during the second quarter worth $74,000. Whitcomb & Hess Inc. increased its holdings in Airgain by 36.0% in the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company's stock valued at $357,000 after buying an additional 15,022 shares during the period. Citadel Advisors LLC increased its holdings in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company's stock valued at $118,000 after buying an additional 43,214 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in shares of Airgain in the 3rd quarter valued at $91,000. 52.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AIRG shares. Northland Securities set a $8.50 price target on shares of Airgain in a report on Thursday, May 7th. Roth Capital restated a "buy" rating and set a $9.00 target price on shares of Airgain in a research note on Thursday, May 7th. Weiss Ratings upgraded Airgain from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, July 23rd. Craig Hallum reissued a "buy" rating and issued a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Airgain from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.70.

Airgain Company Profile

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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